Down Payment Installment Agreement

ADVERTISEMENT

Down Payment Installment Agreement
Tenant’s Name:
Property Address:
Date:
Tenant move in date:
The Tenant has given the Management Company of this property $______________ as
an initial non refundable option consideration amount. Management and Tenant hereby
agree that Tenant will pay an additional sum of $___________________ due monthly for
a term of _____ concurrent months to Management under the down payment installment
plan. Management shall apply additional monthly sum towards the remainder of the
option consideration balance of $__________ until Tenant possesses an eventual
option consideration balance of $____________________.
This money is for the Tenant’s non refundable option consideration and is NOT
extra fees above the agreed upon rent for this unit!
Tenant has elected to purchase a 12 month exclusive option on the above referenced
property. Tenant’s failure to pay the additional monthly sum on time shall constitute
breach and will result in cancellation of the option agreement, and that ALL OPTION
MONIES WILL BE FORFEITED BY TENANT. Tenant's right to exercise the option is
also subject to the Tenant being in compliance with all the terms of the Lease.
int.____
Initial Option Payment Amount:
Start Date and Terms of Additional Payments:
Ending Date:
End Option Consideration Balance:
___________________________
_________________________

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Business
Go
Page of 2