Earnest Money Receipt Template

What Is an Earnest Money Receipt?

An Earnest Money Receipt is handed over to an individual that is purchasing some form of real estate after they have officially formed a documented agreement with the person selling the real estate. The Receipt for Earnest Money confirms that the selling party has received a deposit which in turn acts as confirmation that the selling and buying parties have formed an agreement.

If the party that has shown interest in the real estate has placed a deposit and for one reason or another at a later date changed their mind, they will be entitled to a full refund of their deposit. Moreover, if the party selling the real estate later decides that they want to terminate the agreement then the individual looking to purchase the real estate can take the matter to court which will most likely result in the court forcing the sale of the real estate, plus a payout for damages.

By ensuring that this receipt is formed, the buying party is offered maximal protection in terms of their deposit investments. As this receipt is generated by the selling party, it is within their interests to ensure that all crucial information is included in the receipt. If not, the buyer can take matters to court. For this reason, we recommend using one of our editable templates which can be modified to include information specific to your business.

An Earnest Money Receipt template can be downloaded by clicking the link below.

Haven't found the template you're looking for? Take a look at the related templates below:

• Security Deposit Receipt Template;
• Down Payment Receipt Template;
• Rent Receipt Template.