Legal Question in Landlord & Tenant Law in Louisiana

I want to know why a tenant is not eligible to receive their "option money(deposit)" back on a lease to purchase option if they decide not to purchase the home. In other words, are they entitled to receive it back being in good standing with the lease to purchase agreement?


Asked on 1/31/11, 9:57 am

1 Answer from Attorneys
Adam Lambert The Law Office of Adam S. Lambert

You put the money up to ensure that you will follow through with the sale. If you back out without just cause, you forfeit the money to compensate the seller for having taken the property off the market for you. Read your contract. The terms in that contract are binding on both parties and that contract is what attorneys call "the law between the parties".

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Answered on 2/01/11, 6:30 am


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