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Option Consideration Question

batta_123 profile photo
  • Tuesday, February 15, 2005 @ 04:53 PM EST
  • 2 Comments

Newbie question for someone: I have read through many topics here and tried to find my answer, and I think I have, but I just want to be sure:

Is the option consideration put up by the T/B when the contract is signed? In this respect, is it much like a down payment made to the owner?

Thanks.

Comments(2)

  • no photo
    LarryNut15th February, 2005

    Yes and Yes. You are on the right track. Your goal as the buyer is to get the entire amount of option consideration applied toward the purchase price.

  • no photo
    batta_12315th February, 2005

    Thanks very much.

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