Receipt for Non-Refundable Deposit | USA

• The purchaser will deposit the earnest money with the escrow agent, who will invest it according to the purchaser's instructions.
• If the purchaser breaches the Purchase & Sale Contract, the money will be paid to the seller as liquidated damages.
• Upon written instruction from the parties, the escrow agent will disburse the funds after the transaction closes.
• The escrow agent is to be held harmless from liability in the performance of his duties.

Sell a real estate property in the United States with this template USA Real Estate Purchase and Sale Agreement.

• Fixtures. The property is being sold with all the attached fixtures, including window coverings.
• Encumbrances. The property will be free of any encumbrances on title except for existing zoning laws, party wall agreements, easements, and the like.
• Title Defects. If the seller is unable to perfect title or make the property conform to all building and zoning laws within the time agreed to by the parties, all payments made by the buyer will be refunded and the agreement will be void. However, the buyer has the option to elect to accept the property even if the title has not been perfected.
• Adjustments. All rents, taxes, mortgage interest and other charges with respect to the property will be adjusted as of the closing date.
• Default by Buyer. If the buyer defaults in fulfilling any of its obligations, the seller may keep any amounts paid as liquidated damages.
• Financing Condition. The sale is conditioned upon the buyer obtaining mortgage financing.
• Lead Disclosure. The agreement includes the required Lead Paint Disclosure form.
• This form is available in MS Word format and is fully editable.
• This is not a State-specific form. Some States may have certain requirements regarding the type of forms used. Check your State laws to be sure.

• The sale is to include all buildings, livestock and crops on the property.
• The seller has the right to harvest crops until the purchaser takes possession.
• The seller must deliver fee simple insurable title by way of warranty deed.
• A property land survey is to be performed, and the parties may agree to adjust the purchase price based on the land survey results.
• The agreement includes optional clauses for cash, assumption of existing mortgage loan, conventional financing, FHA insured or VA loan.
• The seller must provide a title insurance policy insuring the transaction for the total purchase price.
• Also included is a lead paint disclosure.