Reservation Agreements

It depends on the written agreement. A refundable reservation deposit generally hinges on clearly stated refund conditions in the contract. Before you pay, ensure the document specifies exactly when a refund is available, what portion (if any) is non-refundable, and the deadline for withdrawing. Look for a defined due‑diligence period that allows you to review title, permits, and other risk factors; the clause should spell out what happens if issues are fo…

It depends entirely on the agreement. Some deposits may be refundable only under specific conditions; others may be forfeited if the buyer withdraws. Buyers should not rely on verbal promises. Refund conditions, due-diligence periods, deadlines and failure scenarios should be written clearly before funds are paid.