.$...to be excercised on or before .......dateif optionee fails to exercise option liability and all recourse shall be limited to option consideration only.thats a great clause to have in there.I usually have 15 clauses in my options.16 if i need to give right of refusal and i write out the right of refusal so the seller will understand it for what it is.....avoid confusion if things are simple.KISS

Conditionally Refundable Option Consideration Monies is the way to go, especially with the Attorney General in many States going after "Equity Skimmers" and the like.And, the exercise price can be tied to a formula, such as an either-or: [i]The purchase price shall be EITHER the average of 2 certified appraisals who must be a member in good standing of the American Society of Appraisers OR $xxx.xxxx, which ever is higher.

I would suggest checking with the title companies in your area to see what they are going to require at the closing of the exercised optionTo set up the deal just put the home under lease option with the seller, then bring your buyer into the deal.

If you think you might be interested in purchasing the property you can establish a sales price today and exercise the option (follow through with the purchase portion of the contract) anytime within the option term.

Marketing to FSBOs is a exercise in building relationships and trust.

If they buy outright or when they exercise the option they get new financing.No loan was ever in my name.Sub2 and L/O work in every state as long as you follow the rules.

Maybe a small amount, 5-10%, is a "rent credit" that's credited when the option is exercised, assuming it actually is.

We recently exercised this right due to smelling smoke next door coming from a "non smoking" apartment and were able to make a substantial increase in rent due to evidence found of smoking in the unit. 

Let's see: Exercise the dog, rake the leaves and trash up, do the dishes, clean the house, do the laundry (including changing and remaking the beds) wash and gas up the van...Oh, a biggie---get my computer to work better and faster.

On the day of the sale or after a year when the buyer exercise the option?