The stimulating money deposit is similar to a down payment and is part of the total purchase price of the property. The serious money exchange form is useful for any hedging company, trust broker, real estate agent or other professional who manages the details of the real estate contract. The form contains fields for important details about the buyer and seller and the amount of the purchase price and the serious verification of the money. Once the receipt is complete, it can be sent to both parties for their email registrations. The Earnest Money Receipt Agreement (Philippines) mobile application generates a legal document stating that a buyer has made a serious deposit of money into a given account for a real estate sale. It is expressly agreed that this contract to purchase property includes the entire contract of the buyer and seller. This agreement binds the heirs, personal representatives, successors and beneficiaries of the transfer, both the buyer and the seller. If the buyer cannot continue the purchase of the aforementioned property by the seller for no reason, the seller has the right to terminate that contract, in which case EARNEST MONEY falls into question for the benefit of the seller as liquidation damage. However, if the buyer cannot continue to purchase this property, EARNEST MONEY goes into liquidation for the benefit of the seller.
In the event of a voluntary withdrawal of this contract by the ACHETEUR, for no reason on the part of the VENDEUR or if the ACHETEUR does not comply with its obligations, the VENDEUR has the right to terminate this contract, in which case the EARNEST MONEY (amount in words) (P 000,000.00) is considered to be a liquidated damage for the benefit of the VENDEUR. doc. No……..; Page no…….; Book No….; Bankers` insurance series 2017 for holders only (Singa… Right to mutual agreement This is a priority agreement between the first… The seller`s unwarranted failure to comply with the above obligations within the specified time frame is as follows: ________________________________married to _____La Guerta, Lahu, Cebu Stadt, Cebu, Cebu, Philippines, as “Seller”, which are the property located in Hillsview, La Guerta, Lahug, Cebu City, Cebu, Philippines, whose descriptions are: .