Disclaimer
The information provided herein is intended solely as a general example for contractual purposes related to real estate transactions. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be necessary to ensure compliance with local requirements. The use of this template is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
This sample Earnest Money Contract template is for informational purposes only. Actual terms may vary depending on specific circumstances and applicable laws. Please customize accordingly.
Earnest Money Contract Sample
Parties:
Seller: Emily Johnson
Address: 789 Market Street, San Francisco, CA 94103
Buyer: Michael Lee
Address: 101 Pine Avenue, San Francisco, CA 94107
Description of the Property:
The property subject to this agreement is located at 789 Market Street, San Francisco, CA 94103, including all relevant fixtures and appliances as described in the purchase agreement.
Earnest Money Deposit:
The buyer agrees to deposit an earnest money amount of $5,000 within three (3) business days of mutual execution of this contract. The deposit shall be held in escrow and applied toward the purchase price at closing.
Terms and Conditions:
The earnest money shall be refundable if the contingencies described herein are not satisfied or waived, subject to applicable law. This agreement becomes binding upon signing by both parties.
Additional Provisions:
- In case of breach by the buyer, the earnest money may be forfeited as liquidated damages to the seller.
- In case of breach by the seller, the earnest money shall be refunded to the buyer in full.
- This agreement is subject to the terms of the purchase agreement and applicable laws.
San Francisco, ______________________
Emily Johnson (Seller)
Michael Lee (Buyer)