eForms Logo

Earnest Money Deposit Receipt (for Real Estate)

Create a high-quality document now!

Earnest Money Deposit Receipt (for Real Estate)

Updated August 01, 2023

An earnest money deposit receipt is given to a buyer of real estate after entering into a purchase agreement with a seller. The deposit slip is given to the buyer after funds have been received which binds the parties into the agreement.

If the buyer does not follow through on purchasing the property it will be returned to the seller. If the seller attempts to void the agreement the buyer can sue for specific performance which may legally force a sale plus damages.

Release of Earnest Money – Use at a real estate closing or to release funds to the seller if the buyer terminates the agreement.