Earnest Money Deposit Form Template for United States

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Key Requirements PROMPT example:

Earnest Money Deposit Form

"Need an Earnest Money Deposit Form for a commercial property purchase in California, with a $50,000 deposit to be held in escrow until March 15, 2025, including specific contingencies for property inspection and financing approval."

Document background

The Earnest Money Deposit Form is a essential document in U.S. real estate transactions that demonstrates a buyer's serious intent to purchase a property. When entering into a purchase agreement, buyers typically provide an earnest money deposit as a show of good faith, usually 1-3% of the purchase price. This form documents the deposit amount, terms of holding and disposition, and conditions for return or forfeiture. Used across all states while adhering to state-specific regulations, this document protects both parties' interests and forms a crucial part of the purchase agreement documentation.

Suggested Sections

1. Property Information: Details of the property being purchased, including address and legal description

2. Parties: Identification of buyer, seller, and escrow agent

3. Deposit Amount: Specific amount of earnest money being deposited

4. Payment Terms: Method and timing of earnest money payment

5. Escrow Terms: Details of how the deposit will be held and managed

Optional Sections

1. Contingencies: Conditions under which earnest money may be returned, used when specific contingencies exist

2. Dispute Resolution: Process for resolving conflicts, recommended for higher-value transactions

3. Additional Terms: Any special conditions or agreements, used when standard terms need modification

Suggested Schedules

1. Receipt Acknowledgment: Written confirmation of earnest money receipt by escrow agent

2. Property Description: Detailed legal description of the property if not included in main document

3. Bank Details: Escrow account information and wire transfer instructions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Banking
Legal Services
Property Development

Relevant Teams

Legal
Real Estate
Finance
Operations
Compliance

Relevant Roles

Real Estate Agent
Real Estate Attorney
Escrow Officer
Property Manager
Title Officer

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Application For Release Of Security Deposit

A formal U.S. document requesting the return of a security deposit after lease termination, subject to state landlord-tenant laws.

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Let's create your Earnest Money Deposit Form

Authors

Alex Denne

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