EM Drposit and option fee- commercial contracts
If you have commercial contract and the earnest money is not due for 14 days,
It has a 45 day feasibility. During that 45 days. $1000 is to be taken out of the earnest money if the contract is terminated.
if that earnest money is never deposited then the thousand dollars fee for the disability time would not be deposited either. Forgotten
Since the $1000 is to be retained from the earnest money deposit. But, The earnest money deposit is never deposited. Is there an option to terminate during that first 14 days if the earnest money or option fee has never paid .