reservation agreement

JCMER Construction Firm (Seller) hereby acknowledge the receipt of Fifty Thousand Pesos (Php 50,000.00) as reservation free of house and lot located at Lot 06 Blk 05 Silver Land, Laloma Quezon City from Mr. Ronald D. Santos (buyer), a resident of Paglinawan St. Paranaque City on July 15, 2005. The reservation is valid only for one(1) month.

The total cost of the said house and lot is Two Million Eight Hundred Thousand (2.8M). The seller agreed to pay 50% of the total cost which is One Million Four Hundred Thousand (Php 1,400,000.00) on or before August 14, 2005 and the remaining 50% will be payable on January 30, 2006.

In case the seller does not able to do his obligation. The buyer has the right to terminate this agreement and reservation fee is NON-REFUNDABLE.

Homer T. Sanggalang
JCMER Construction Firm Owner

Mr. Ronald D. Santos
Buyer

Engr. Merecel L. Herrera
Project Engineer of JCMER Construction Firm

Ms. Anna Marie S. Dalisay
Property Consultant

JC Mer Home Builders (Seller) does hereby acknowledge receipt of the amount of Twenty Thousand Pesos (20,000.00 Php). Said payment as a reservation from: Mr. and Mrs. Juanito D. Navarro resides at Lot 12, Blk 02 Santis Subd. Agusan del Sur on October 23, 2001.

The above amount is to reserve a Lot 03 Blk 8 Mapayapa Subd. Agusan del Sur with TCT Title No. 28939 as well as the seller with be the builder of a 2-storey residential building with 110 sq meters floor area and 90 sq meter lot area. The said amount as reservation fee is non-refundable.

The total contract price of house and lot is 3.5M with 30% down payment upon 80% of house completion and the balance of 70% will be paid upon the full finished of the house.

Signed:

Jc Mer Herrera
Owner

Mr. Juanito Navarro
Buyer
Signed in the presence of:
___________________________
___________________________

Tag: reservation agreement

Sample of Reservation Agreement