OPTION CONSIDERATION Clause Samples

OPTION CONSIDERATION. 41 Parent.........................................................................1

OPTION CONSIDERATION. As consideration for this Option to Purchase agreement, the Buyer/s/ Tenant/s shall pay the Seller/ Landlord/ Landlady a non-refundable fee of ______________________________________(in words) _______________________ receipt of which is hereby acknowledged by the Seller/Landlord. This amount shall be credited to the purchase price at closing if the Buyer/s/Tenant/s timely exercises the option to purchase, provided that the Buyer/s/Tenant/s: (a) is not in default of the Lease Agreement, and (b) closes the conveyance of the Property. The Seller/Landlord/Landlady shall not refund the fee if the Buyer/s/Tenant/s defaults in the Lease Agreement, fails to close the conveyance, or otherwise does not exercise the option to purchase.

OPTION CONSIDERATION. For and in consideration of the Option herein granted, Optionee has paid, and Optionor hereby acknowledges receipt of, the sum of One Hundred Dollars and No/Cents ($100.00) (the “Option Consideration”). The Option Consideration is not refundable under any circumstances and may not be applied against any sums payable pursuant to the Acquisition Agreement.

OPTION CONSIDERATION. In a rent-to-own agreement, the tenant pays consideration in exchange for the exclusive option to purchase the property. Specify if the consideration will be a portion of the monthly rent or a non-refundable upfront fee. Step 23 – Provide Purchase Deposit Details 29.

OPTION CONSIDERATION. Tenant will pay consideration through: (Check one) ☐ A portion of the monthly rent. As consideration for the Option to Purchase, Tenant acknowledges that Tenant is paying consideration to Landlord in the form of nonrefundable rent at the agreed upon monthly amount set forth in this Agreement. Unless otherwise stated in this Agreement, this amount is nonrefundable to Tenant. Credit (Check if applicable) ☐ Provided that the Tenant timely exercises the Option to Purchase, is not in default of this Agreement and closes the conveyance of the Premises as set forth in this Agreement (the “Closing”), $__________ from each monthly lease payment that Tenant timely made prior to the Closing shall be credited towards the Purchase Price at the Closing. ☐ A nonrefundable upfront fee. As consideration for the Option to Purchase, Tenant agrees to pay to Landlord a nonrefundable fee of $__________ (the “Option Fee”) at the execution of this Agreement. Unless otherwise stated in this Agreement, the option payment is nonrefundable to Tenant. Provided that the Tenant timely exercises the Option to Purchase, is not in default of this Agreement and closes the conveyance of the Premises as set forth in this Agreement (the “Closing”): (Check all that apply) ☐ The Option Fee shall be credited against the Purchase Price at the Closing. ☐ $__________ of the Option Fee shall be credited against the Purchase Price at the Closing. ☐ $__________ from each monthly lease payment that Tenant timely made prior to the Closing shall be credited towards the Purchase Price at the Closing.

OPTION CONSIDERATION. Buyer/Tenant shall remit option consideration in the sum of $ to Seller/Landlord upon execution of this Option to Purchase Agreement, which amount is non-refundable. In the event Buyer/Tenant timely exercises this option, is not in default of the Lease Agreement and actually closes the conveyance of the Property, the option consideration shall be credited to the purchase price at closing. If Buyer/Tenant fail to exercise this option, defaults in the Lease Agreement or fails to close the conveyance, the option fee shall not be refunded.

OPTION CONSIDERATION. Tenant/Optionee shall pay Landord/Optionorthe amount of $10.00 (Ten Dollars) as fair and valuable non-refundable consideration. This consideration was paid on Should this Agreement be assigned, Assignee will pay Assignor of The Agreement nonrefundable option consideration of $ _ fortheabovepropertyand it willapplyinfulltowardsthepurchaseortowards funds toclose if theoption is exercised. Thisoptionconsideration waspaid on If the option to purchase is not exercised, for any reason, there will be no refund of any option consideration.

OPTION CONSIDERATION. As consideration for this option to purchase, the Buyer shall pay the Seller a non-refundable fee of $ . If the Buyer timely exercises this option, this fee will be applied to the purchase price at closing, provided that he/she is not in default of the lease agreement and closes the conveyance of the Property. If the Buyer fails to exercise this option, is in default of the lease agreement or does not close the conveyance of the Property, this fee will be retained by the Seller.

OPTION CONSIDERATION. (a) (i) Owner hereby grants to the Operating Partnership an option (the “Option”) to acquire Owner’s fee interest in Parcel I and all of Owner’s right, title and interest in and to the Leases and all hereditaments thereto and all of Owner’s assets (other than Excluded Assets) as of the Valuation Date (collectively, the “Assets”) for the Consideration determined in accordance with Section 2(b), subject to closing adjustments as provided herein.