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    Earnest Money Receipt Agreement

    Uploaded by

    Lex Dagdag
    This document is an earnest money receipt agreement between a buyer and seller for a property located at [ADDRESS]. It states that the buyer has provided earnest money in the amount of [AMOUNT] that will go towards the purchase price of [PRICE]. The balance must be paid by [DATE]. The buyer has exclusive rights to purchase the property until [DATE] and the seller cannot offer it to others. Upon full payment, the seller will transfer title to the buyer via deed of sale. The agreement can be cancelled by the buyer before [DATE] but the earnest money will be forfeited.

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    © All Rights Reserved
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    Earnest Money Receipt Agreement

    Uploaded by

    Lex Dagdag
    112 views2 pages
    This document is an earnest money receipt agreement between a buyer and seller for a property located at [ADDRESS]. It states that the buyer has provided earnest money in the amount of [AMOUNT] that will go towards the purchase price of [PRICE]. The balance must be paid by [DATE]. The buyer has exclusive rights to purchase the property until [DATE] and the seller cannot offer it to others. Upon full payment, the seller will transfer title to the buyer via deed of sale. The agreement can be cancelled by the buyer before [DATE] but the earnest money will be forfeited.

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    This document is an earnest money receipt agreement between a buyer and seller for a property located at [ADDRESS]. It states that the buyer has provided earnest money in the amount of [AMOUNT] that will go towards the purchase price of [PRICE]. The balance must be paid by [DATE]. The buyer has exclusive rights to purchase the property until [DATE] and the seller cannot offer it to others. Upon full payment, the seller will transfer title to the buyer via deed of sale. The agreement can be cancelled by the buyer before [DATE] but the earnest money will be forfeited.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    112 views2 pages

    Earnest Money Receipt Agreement

    Uploaded by

    Lex Dagdag
    This document is an earnest money receipt agreement between a buyer and seller for a property located at [ADDRESS]. It states that the buyer has provided earnest money in the amount of [AMOUNT] that will go towards the purchase price of [PRICE]. The balance must be paid by [DATE]. The buyer has exclusive rights to purchase the property until [DATE] and the seller cannot offer it to others. Upon full payment, the seller will transfer title to the buyer via deed of sale. The agreement can be cancelled by the buyer before [DATE] but the earnest money will be forfeited.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    EARNEST MONEY RECEIPT AGREEMENT

     
    Received from _____________________________________ with postal address at
    ____________________________, the sum of _______________________________________
    (PHP _________________________) representing EARNEST MONEY for payment of
    ____________________ located at _____________________________ covered by
    ____________________________________
     
    This EARNEST MONEY forms part of the purchase price of
    ___________________________________ (PHP __________________). The balance and full
    payment shall be paid on or before __________________.
     
    The BUYER hereby reserves the exclusive right to purchase the aforementioned property and
    the SELLER cannot offer the aforementioned property to any third party until
    _____________________.
     
    Upon full payment, the SELLER shall execute a DEED OF ABSOLUTE SALE in favor of the
    BUYER, conveying the subject property with full warranty of a legal and valid title as provided by law,
    free and clear from any liens and encumbrances.
     
    Upon execution of the DEED OF ABSOLUTE SALE, the SELLER shall undertake the payment of
    the Capital Gains Tax. The BUYER shall shoulder the payment of the Documentary Stamps Tax,
    Transfer Tax, Registration Fee and all other expenses to transfer the title of the property under his
    name.
     
    In case of voluntary cancellation of this agreement by the BUYER without any cause on the
    part of the SELLER or if the BUYER fails to comply with his obligations mentioned, then the SELLER
    shall have the right to terminate this agreement in which case the EARNEST MONEY in the amount of
    _________________________________ (PHP __________________) shall be forfeited in favor of
    the SELLER as liquidated damages.

    IN WITNESS WHEREOF, the parties have hereunto set their hands this _______________ in
    _________________, Philippines.

    _________________________________ _________________________________
    Seller Buyer
    ID NO._____________________ ID NO._____________________

    SIGNED IN THE PRESENCE OF:

    _________________________ _________________________

    ACKNOWLEDGMENT

    REPUBLIC OF THE PHILIPPINES)


    _________________________)

    BEFORE ME, a Notary Public for and in _________________, this __________________,


    personally appeared herein above-named parties with their IDENTIFICATION DOCUMENTS as indicated
    below their names, known to me and to me known to be the same persons who executed the foregoing
    instrument and acknowledged that the same is their own, free, voluntary act and deed.

    WITNESS MY HAND and NOTARIAL SEAL at date and place above written.

    Doc. No. ____;


    Page No. ____;
    Book No.____;
    Series of ____.

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