A straightforward fee that the buyer pays under a lease-to-own purchase, typically anywhere from 1 to 5 percent of the price. If the option is put to use, this fee goes toward the purchase price; if not, the option is lost.
Related information about option fee:
- Option fee - Wikipedia, the free encyclopedia
In a real estate context, an option fee is money paid by a Buyer to a Seller for the option to terminate a real estate contract. Option fee funds should not be ...
- Understanding the lingo — option fee and option period
Many times, when an offer is made on a residential property in Texas, the prospective buyer will cut two checks: one for the option fee, another for the earnest ...
- What Is an Option Fee in a Real Estate Contract? | eHow.com
What Is an Option Fee in a Real Estate Contract?. An option fee in a real estate contract is a separate payment---typically $100---for an option clause. The option ...
- HDB InfoWEB: Option Fee : Buying A New Flat
Jan 26, 2012 ... Useful Links. Option Fee. You will have to pay an option fee when you book a flat. The fee payable is based on the flat type you booked: ...
- What is the difference between an option check and earnest money
That is called the option fee and it is totally separate from the earnest money. It is meant to be a relatively small amount because once it is given to the seller, the ...
- Option Periods
It simply gives the buyer (for a modest option fee paid to the seller) a short window of time in which to do his inspections without the risk of losing his earnest ...
- Option Fee - Financial Dictionary - The Free Dictionary
In Texas, a fee the potential buyer of real estate may pay the seller in exchange for the agreement not to sell to anyone other than the potential buyer for a ...
- What is option fee? definition and meaning
Definition of option fee: A straightforward fee that the buyer pays under a lease-to -own purchase, typically anywhere from 1 to 5 percent of the price. If the option ...