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RESERVATION AGREEMENT THE MANAGEMENT Alfons Development & Investment Corp. 329 Bonifacio Street Davao City Gentlemen : I hereby reserve for a parcel/s of land at situated at Davao City, Philippines

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What is reservation agreement?

A reservation agreement is a legally binding contract between a buyer and a seller that guarantees the sale of a particular property at an agreed-upon price and terms.

Who is required to file reservation agreement?

Both the buyer and the seller are required to file a reservation agreement when they agree to sell a property.

How to fill out reservation agreement?

To fill out a reservation agreement, both the buyer and the seller need to provide their personal information, property details, agreed-upon price, terms and conditions, and sign the document.

What is the purpose of reservation agreement?

The purpose of a reservation agreement is to secure the sale of a property and ensure that both parties are committed to the transaction.

What information must be reported on reservation agreement?

The reservation agreement should include the personal information of the buyer and seller, property address, purchase price, deposit amount, agreed-upon terms, and any additional conditions or contingencies.

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