I’m about to do my first lease option and need some clarification.
I’ve read here that the option fee is paid to the seller because he is allowing the T/B the ability to excecise an option to buy your house.
Therefore does the seller keep the option fee on top of the price of the house or am I dreaming? Assuming we close of course.
And if we don’t close I keep the fee. Right? Regardless of the reason?
Need more info. Where are you in this deal? And what type of lease option deal is this?