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Reservation Agreement

Free reservation agreement template — a buyer pays a deposit to reserve a unit or property (e.g. in new construction) before a formal purchase agreement is signed.

This free reservation agreement covers 1. Reservation, 2. Reservation Deposit, 3. Reservation Period, 4. Refund of Deposit, 5. No Obligation to Purchase with 7 clearly marked [placeholder] fields to fill in — built for landlords, tenants, and small property owners documenting a lease or tenancy change clearly, without guessing at the right structure. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.

Template — click to edit

Reservation Agreement

Developer/Seller: [Name] · Reserving Party: [Name] Property/Unit: [Description, unit #] · Date: [Date]

1. Reservation

Seller agrees to reserve the unit/property described above for Reserving Party, taking it off the market for other buyers, for the reservation period described below.

2. Reservation Deposit

Reserving Party pays a reservation deposit of [Amount], [refundable/non-refundable, per the terms below].

3. Reservation Period

This reservation is effective for [Number] days from the date of this Agreement, during which the parties will negotiate and execute a formal purchase agreement.

4. Refund of Deposit

[ ] Fully refundable if the parties do not execute a purchase agreement within the reservation period, for any reason. [ ] Refundable only if Seller cannot deliver clear title / the unit fails to meet disclosed specifications / [other specific condition]. [ ] Non-refundable once signed, credited toward the purchase price if a purchase agreement is executed.

5. No Obligation to Purchase

This Agreement does not obligate Reserving Party to complete a purchase, subject to the deposit refund terms in Section 4.

6. Price

The anticipated purchase price is [Amount], to be confirmed in the formal purchase agreement.


Seller/Developer: ______________________ Date: ____________ Reserving Party: ______________________ Date: ____________

*Reading the refund terms (Section 4) closely before paying a reservation deposit matters enormously — some developer reservation agreements are entirely non-refundable even if the buyer simply changes their mind, which is very different from a standard earnest money deposit.*

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What's included

Who this template is for

Freelancers & solo founders

Handling routine business paperwork without commissioning custom legal drafting for every document.

Small businesses

Standardizing recurring documents — leases, agreements, notices — across a growing operation.

Anyone reviewing before signing

Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.

Independent landlords

Managing a rental directly, without a property management company's paperwork.

FAQ

Is this reservation agreement template really free?

Yes, completely free — view, edit, and download this reservation agreement as a PDF without creating an account.

What does this reservation agreement cover?

This real estate template includes 1. Reservation, 2. Reservation Deposit, 3. Reservation Period, 4. Refund of Deposit. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.

Is this legal advice?

No. Landlord-tenant law is one of the most locally-specific areas of law in the US — notice periods, required disclosures, and even what a lease is allowed to say vary by state and often by city. Check your local requirements (or a real estate attorney) before using this for an actual lease or notice.

Can I edit the wording?

Yes — edit directly on the page, adjust any section or clause, and re-fill the 7 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.

Where can I find more free templates like this?

Browse more free real estate and related document templates in the docstoc library at /document-templates/.

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