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    13.earnest Money Receipt Agreement

    Uploaded by

    Lex Dagdag
    This document is an earnest money receipt agreement for the purchase of a property located at [ADDRESS]. It details that the buyer has provided earnest money in the amount of [AMOUNT] which will go towards the total purchase price of [AMOUNT]. The balance must be paid in full by [DATE]. The buyer has exclusive rights to purchase the property until [DATE] and the seller cannot offer it to others. Upon payment, the seller will transfer title to the buyer through a deed of absolute sale free of liens. The buyer will pay taxes while the seller pays capital gains tax. If the buyer cancels without cause, the earnest money is forfeited as liquidated damages.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    13.earnest Money Receipt Agreement

    Uploaded by

    Lex Dagdag
    351 views1 page
    This document is an earnest money receipt agreement for the purchase of a property located at [ADDRESS]. It details that the buyer has provided earnest money in the amount of [AMOUNT] which will go towards the total purchase price of [AMOUNT]. The balance must be paid in full by [DATE]. The buyer has exclusive rights to purchase the property until [DATE] and the seller cannot offer it to others. Upon payment, the seller will transfer title to the buyer through a deed of absolute sale free of liens. The buyer will pay taxes while the seller pays capital gains tax. If the buyer cancels without cause, the earnest money is forfeited as liquidated damages.

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    fillable form

    Original Title

    13.Earnest Money Receipt Agreement

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    This document is an earnest money receipt agreement for the purchase of a property located at [ADDRESS]. It details that the buyer has provided earnest money in the amount of [AMOUNT] which will go towards the total purchase price of [AMOUNT]. The balance must be paid in full by [DATE]. The buyer has exclusive rights to purchase the property until [DATE] and the seller cannot offer it to others. Upon payment, the seller will transfer title to the buyer through a deed of absolute sale free of liens. The buyer will pay taxes while the seller pays capital gains tax. If the buyer cancels without cause, the earnest money is forfeited as liquidated damages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    351 views1 page

    13.earnest Money Receipt Agreement

    Uploaded by

    Lex Dagdag
    This document is an earnest money receipt agreement for the purchase of a property located at [ADDRESS]. It details that the buyer has provided earnest money in the amount of [AMOUNT] which will go towards the total purchase price of [AMOUNT]. The balance must be paid in full by [DATE]. The buyer has exclusive rights to purchase the property until [DATE] and the seller cannot offer it to others. Upon payment, the seller will transfer title to the buyer through a deed of absolute sale free of liens. The buyer will pay taxes while the seller pays capital gains tax. If the buyer cancels without cause, the earnest money is forfeited as liquidated damages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    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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