Pre Contract Deposit Agreement Template UK

The Pre Contract Deposit Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring customizable and printable examples.


Sample

Pre Contract Deposit Agreement Template UK

Editable – Printable



Pre Contract Deposit Agreement Template UK

1. Parties Involved





2. Property Information


3. Deposit Details


4. Purpose of Deposit

5. Conditions of Refund

6. Agreement Duration

7. Obligations of the Buyer

8. Obligations of the Seller

9. Dispute Resolution

10. Signatures and Agreement

11. Declaration and Signatures




PDF


WORD

Examples


Pre Contract Deposit Agreement Template UK (1)
Between:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
And:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
Introduction:
This agreement outlines the terms under which a deposit is to be paid by the Buyer to the Seller for the purpose of securing the potential purchase of [Property Description], located at [Property Address], commencing on [Date of Agreement].
Clause 1: Deposit Amount
The Buyer agrees to pay a deposit of [Deposit Amount] to the Seller, which will be held in a designated escrow account.
Clause 2: Purpose of Deposit
The deposit shall serve to demonstrate the Buyer’s commitment and shall be applied towards the purchase price of the property upon successful completion of the sale.
Clause 3: Conditions for Refund
The deposit shall be refundable under the following conditions: [List specific conditions, e.g., failure to obtain financing, unsatisfactory home inspection].
Clause 4: Non-Refundable Clause
If the Buyer fails to complete the purchase due to the Buyer’s own default, the Seller shall retain the deposit as liquidated damages.
Clause 5: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Buyer]
[Name of the Buyer]
[Signature of the Seller]
[Name of the Seller]
Pre Contract Deposit Agreement Template UK (2)
Between:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
[Buyer’s Phone]
[Buyer’s Email]
And:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
Introduction:
This agreement outlines the responsibilities and expectations of both parties regarding the deposit paid for [Property Description] at [Property Address], effective as of [Date of Agreement].
Clause 1: Deposit Amount
The Buyer shall provide a deposit of [Deposit Amount], to be held in an approved escrow account pending the completion of the sale.
Clause 2: Usage of Deposit
The deposit is intended to secure the property during the negotiation process and will contribute towards the total price upon completion.
Clause 3: Conditions for Forfeiture
If the Buyer decides not to proceed with the purchase for any reason not covered by this agreement, the deposit shall be forfeited to the Seller.
Clause 4: Dispute Resolution
Any disputes arising from this agreement shall first be addressed through mediation before proceeding to arbitration or litigation.
Clause 5: Governing Law
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Buyer]
[Name of the Buyer]
[Signature of the Seller]
[Name of the Seller]

Printable



Pre Contract Deposit Agreement Template UK