4 Greenwood Cir, Middletown, PA 17057

4 Greenwood Cir is in Middletown, PA and in ZIP code 17057. This property has 4 bedrooms, 2 bathrooms and approximately 1400 more or less sqft of floor space. OPTION AGREEMENT THIS PURCHASE OPTION AGREEMENT, dated this June, 2022, between, GAMMA ONE LLC. ("OWNER/ LANDLORD") and ("TENANT"). PURCHASE OPTION The Tenant shall have the right to purchase the dwelling located at 4 Greenwood Cir, Middletown, PA 17057 during the next Twenty-Four (24) months, (On or before October 1, 2023) for a fixed price of Two Hundred Fifty-Thousand Dollars ($250,000.0), provided that the Tenant live up to all other terms of their lease agreements with Owner/Landlord. A default by Tenant of the lease agreement at any point during this term will result in an automatic revocation of this option. The Tenant, have paid Ten Thousand Dollars ($10,000.00) in nonrefundable option consideration. If the Tenant exercises this option, then this amount will be applied towards the purchase of the property. In the event that the Tenant does not exercise this option, all monies paid will remain with the Owner as nonrefundable option consideration. For each month that the rent is paid on or before the due date per the lease agreement, the Tenant will earn a monthly credit of One Hundred Dollars ($100.00) towards the purchase of the property. This credit will accrue to a maximum credit of Two Thousand Four hundred Dollars ($2,400.00). This monthly credit can be used by the Tenant for down payment, closing costs, prepaid items, or points. In the event that Tenant are unable or unwilling to exercise this option, Tenant understand and agree that such monthly credits are not refundable and shall be considered as having been paid as additional nonrefundable option consideration. Tenant are agreeing to buy this house as is conditions. The landlord will not responsible for the maintenance of this property during lease term. The tenants are agreeing to maintain the premises in good repair and tenantable condition (according to the township building code requirements) during this lease agreement. The recording of this option or any memorandum thereof will result in the automatic revocation of this option, and all monies paid to Owner by Tenant shall be retained by Owner as liquidated damages. The parties acknowledge that Owner's actual damages are difficult or impractical to determine, and both parties agree that the foregoing amount is reasonable and necessary to compensate Owner for Owner's reasonable damages. In addition, Tenant will be liable to Owner for all incidental and consequential damages for slander of title, including, but not limited to, attorney's fees and court costs for correcting title. Owner will convey title by Quitclaim Deed. All costs and expenses of closing will be the responsibility of Tenant. In all events, the closing must take place (On or before June 1, 2025). Time is of the essence. TENANT OWNER/ LANDLORD