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Option Consideration Question

batta_123 profile photo
  • Tuesday, February 15, 2005 @ 09:53 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.
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  • LarryNut
    LarryNut15th February, 2005
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    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.

  • batta_123
    batta_12315th February, 2005
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    Reply

    Thanks very much.

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