Site: nolo.com
... Upon the purchase of the home, the landlord deducts the option fee from the principle of the house and ... So, when longer option periods are contracted for, landlords and tenants usually agree to re-evaluate ... The landlord then either reserves the escrow funds and refunds the tenant upon purchase of the home, ... A lot is at stake financially for both landlord and tenant, and state and local laws (such as property ... More Information for Tenants, Landlords, and Homebuyers
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