Deposit On Lease Option
Hi,
How do you present to the person leasing that they will not get their deposit back if they don't complete the lease option contract?
Aren't most people upset that they loose the money?
thanks
You just tell them that there option payment is to secure their interest in perchasing and to make sure they are serious. Tell them if they do perchase it will be duducted off perchase price and if they don't it is non refundable.
make sure it in the contract before they sing.
rubaiyat,
"How do you present to the person leasing that they will not get their deposit back if they don't complete the lease option contract?"
It is ON THEIR CONTRACT!!!Point that out and have them initial that part!
"Aren't most people upset that they loose the money?"
YES....but...they should know that ....it's written into their contract ....
....RIGHT????
....as always,
GoodInvesting, Rocky