Down Payment Agreement Template

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Down Payment Agreement Template

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Down Payment Agreement Template (1)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This document outlines the agreement for the down payment related to the sale of [Description of the Property/Item] dated [Agreement Date].
Clause 1: Property Details
The property/item in question is described as follows: [Detailed description].
Clause 2: Down Payment Amount
The Buyer agrees to make a down payment of [Amount], which constitutes [Percentage]% of the total purchase price of [Total Price].
Clause 3: Payment Schedule
The down payment shall be made no later than [Due Date], with the remaining balance due on or before [Closing Date].
Clause 4: Default Clause
In the event that the Buyer fails to make the down payment by the due date, the Seller may terminate this agreement and retain the down payment as liquidated damages.
Clause 5: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]
Down Payment Agreement Template (2)
Between:
[Name of the Seller]
[Seller’s ID]
[Seller’s Address]
[Seller’s Phone]
[Seller’s Email]
And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]
Introduction:
This agreement formalizes the arrangement concerning the down payment for the sale of [Description of the Property/Item] effective as of [Agreement Date].
Clause 1: Description of Property
The property/item under consideration is as follows: [Include specifics].
Clause 2: Down Payment Terms
The Buyer will pay a down payment of [Amount], constituting [Percentage]% of the total sale price of [Total Price].
Clause 3: Payment Timeline
The down payment is to be made by [Due Date], with payment of the remaining balance expected by [Closing Date].
Clause 4: Consequences of Default
Should the Buyer fail to make the down payment as specified, the Seller reserves the right to terminate this agreement and retain the down payment as a penalty.
Clause 5: Jurisdiction
This agreement will be governed by and interpreted in accordance with the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Seller]
[Name of the Seller]
[Signature of the Buyer]
[Name of the Buyer]

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Please complete the form below to create the Down Payment Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Down Payment Agreement Template

1. Buyer Information


2. Seller Information


3. Property Information

4. Down Payment Details

5. Total Purchase Price

6. Payment Terms

7. Contingencies

8. Default Clause

9. Signatures and Acceptance

10. Declaration and Signatures



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Down Payment Agreement Template

Printable | Editable Form

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Down Payment Agreement Template