The customer is responsible for all closing costs “survey, lien searches, appraisal, origination, etc.…” at the time of the purchase, as well as when we sell the property to them if decide to exercise the purchase option

Security deposits are upfront payments made to demonstrate a party's intent to fulfill the terms of an agreement. They serve as collateral for potential liabilities, damages, or unpaid obligations and may be refunded or retained based on the condition of the asset and the party's adherence to the terms of the agreement.

Customers typically retrieve their security deposit after fulfilling the terms of the agreement, such as returning the leased property or completing a service, provided there are no damages, unpaid obligations, or other issues. The process generally follows these steps: Inspection: The property or asset is inspected to ensure it is in the same condition as when it was first provided, minus normal wear and tear. Review of Terms: The agreement terms are reviewed to verify that all conditions, such as timely payments or adherence to specific guidelines, have been met. Return of Deposit: If the property or service is in satisfactory condition and all obligations are met, the security deposit is refunded, typically through the same payment method used for the deposit or another agreed-upon method. Deductions: If there are damages, unpaid fees, or other liabilities, the deducted amount will be clearly communicated, with the customer receiving the remaining balance. Time Frame: The deposit is usually returned within a specified period, such as 30 days after the agreement ends or the asset is returned. The exact process may vary based on the terms of the specific agreement or lease.

If a customer wants to purchase the property before the lease ends, the process depends on the lease agreement. Many leases include a "lease-to-own" or "rent-to-own" option. Here's what usually happens: Review the Lease: Check if the lease allows for purchase before the term ends and what conditions apply (price, timing, etc.). Negotiate the Purchase: If buying is an option, the customer and landlord discuss the terms, including how rent payments or the security deposit apply to the purchase price. Early Lease Termination: Purchasing the property may require ending the lease early, potentially with penalties or remaining rent. The security deposit may be applied or refunded. Credit Toward Purchase: If applicable, part of the rent paid may be credited toward the purchase price. Closing the Sale: The transaction proceeds like a typical real estate sale, including inspections and financing. Security Deposit Refund: If the purchase is completed and there are no liabilities, the security deposit may be refunded or deducted for any damages or fees.