house deposit contract

house deposit contractIt refers to a written contract text signed by the buyer and seller on the basis of equal negotiation. The house deposit contract is a subordination contract, a demand contract, and a practical contract, and it also has the effect of a deposit penalty. The free version of the house deposit contract is provided by Huajun Software Park for you to download. The source file is in docx format, which is convenient for users to edit and modify the content by themselves.

Things to note about house deposit contracts

The function of the deposit is to ensure the smooth progress of the contract. If the party that pays the deposit defaults, it has no right to request the return of the deposit; if the developer breaches the contract after accepting the deposit, it shall return double the deposit. Some home buyers do not sign a purchase contract with the developer when paying the deposit. It is best to sign a written deposit guarantee agreement with the developer. At least the main contents of the oral agreement should be noted on the deposit receipt.

Note: Do not write "deposit" as "deposit" when writing. "Deposit" is a legal term and is usually regarded as an advance payment for a house. If a home buyer has paid a "deposit" but does not intend to purchase a house, he or she should have the right to request the developer to return the "deposit".

When buying a house, the developer issued a stamped "Letter of Commitment" guaranteeing that no refund will be issued for the amount of the property rights after the expiration date. Is this "Letter of Commitment" valid? This "letter of commitment" should be regarded as an attachment to the house purchase contract (main contract) and has the same legal effect as the main contract. If the developer fails to handle the subdivision of property rights within the agreed period, the home purchasers can require the developer to fulfill its commitments based on the "Letter of Commitment". If the developer fails to fulfill its commitments, the home purchasers can use legal means to resolve the issue through arbitration or litigation.

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The house deposit contract is a free template. You can download the source file for you to edit, modify and replace. Huajun Software Park also providesHouse demolition contract,house mortgage contractdownload.