the residences at elbow pond reservation agreement · 2020. 2. 11. · pond, llc, “seller,” and...

THE RESIDENCES AT ELBOW POND RESERVATION AGREEMENT , between Elbow This Reservation is made this day of Pond, LLC, “Seller,” and the undersigned as “Prospective Buyer.” The Prospective Buyer hereby reserves Lot No. in The Residences at Elbow Pond, Plymouth, Massachusetts (the “Lot”), with a deposit in the amount of $1,000.00, receipt of which is hereby acknowledged by the Seller, which is made and accepted upon the following terms and conditions: 1. The deposit shall be delivered to Coldwell Banker Residential Brokerage, “Escrow Agent” and deposited by Escrow Agent and duly applied to the purchase price of the Unit. 2. Within days after the date of this Agreement, the Seller and Prospective Buyer shall execute a mutually satisfactory Purchase and Sale Agreement, with a total deposit amount of a minimum of 5% of the Purchase Price, setting forth all of the terms and conditions of this transaction, which shall then become the agreement of the parties. This Reservation Agreement shall automatically terminate and the deposit shall be refunded if the Purchase and Sale Agreement is not executed by said date. Seller reserves the right to cancel this Agreement at any time prior to the execution of a Purchase and Sale Agreement at which time any deposits shall be refunded. 3. Prospective Buyer may cancel this Reservation at any time before the execution of a Purchase and Sale Agreement by delivering written notice of termination to Seller and all deposits shall be refunded. 4. Prospective Buyer may not transfer the rights under this Reservation without the prior written consent of Seller, and any purported transfer without the consent of Seller is voidable at the sole discretion of Seller. 5. Purchase Price $______________ This Reservation is subject to buyer obtaining mortgage financing in the amount of $__________ or (__________) Is not subject to financing Buyer(s): Name: Print/Sign Elbow Pond, LLC Name: Print & Sign ______________________________________ Address Email Telephone Buyer’s Agent Email Telephone Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor sales associates, not employees. ©2020 Coldwell Banker Residential Brokerage. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Owned by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. 20TH4V_NE_2/20

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THE RESIDENCES AT ELBOW POND RESERVATION AGREEMENT

, between Elbow This Reservation is made this day of Pond, LLC, “Seller,” and the undersigned as “Prospective Buyer.”

The Prospective Buyer hereby reserves Lot No. in The Residences at Elbow Pond, Plymouth, Massachusetts (the “Lot”), with a deposit in the amount of $1,000.00, receipt of which is hereby acknowledged by the Seller, which is made and accepted upon the following terms and conditions:

1. The deposit shall be delivered to Coldwell Banker Residential Brokerage, “Escrow Agent” and deposited byEscrow Agent and duly applied to the purchase price of the Unit.

2. Within days after the date of this Agreement, the Seller and Prospective Buyer shallexecute a mutually satisfactory Purchase and Sale Agreement, with a total deposit amount of a minimum of5% of the Purchase Price, setting forth all of the terms and conditions of this transaction, which shall thenbecome the agreement of the parties. This Reservation Agreement shall automatically terminate and thedeposit shall be refunded if the Purchase and Sale Agreement is not executed by said date. Seller reservesthe right to cancel this Agreement at any time prior to the execution of a Purchase and Sale Agreement atwhich time any deposits shall be refunded.

3. Prospective Buyer may cancel this Reservation at any time before the execution of a Purchase and SaleAgreement by delivering written notice of termination to Seller and all deposits shall be refunded.

4. Prospective Buyer may not transfer the rights under this Reservation without the prior written consent ofSeller, and any purported transfer without the consent of Seller is voidable at the sole discretion of Seller.

5. Purchase Price $______________This Reservation is subject to buyer obtaining mortgage financing in the amount of $__________ or(__________) Is not subject to financing

Buyer(s):

Name: Print/Sign Elbow Pond, LLC

Name: Print & Sign

______________________________________ Address

Email Telephone

Buyer’s Agent Email Telephone

Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor sales associates, not employees. ©2020 Coldwell Banker Residential Brokerage. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Owned by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. 20TH4V_NE_2/20

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