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The Acknowledgement Receipt For Earnest Money is a critical document in Philippine property transactions, used when a prospective buyer provides a deposit to demonstrate serious intent to purchase a property. This document, governed by Articles 1482-1483 of the Civil Code of the Philippines, serves multiple purposes: it provides proof of payment, outlines the terms of the earnest money arrangement, and establishes preliminary commitments between parties. The document is typically used in the initial stages of a property transaction, before the execution of a formal contract of sale. It should include specific details about the property, parties involved, amount received, and conditions for either applying the earnest money to the purchase price or its return/forfeiture. In Philippine practice, this document often serves as a binding preliminary agreement and can be crucial evidence in case of disputes.

1. Date and Location: The specific date and place where the earnest money was received

2. Parties' Information: Complete names, addresses, and contact information of both the receiver (seller) and the giver (buyer) of the earnest money

3. Amount Received: The exact amount received as earnest money, written in both numbers and words

4. Property Details: Description of the property for which the earnest money is being paid, including complete address and property specifications

5. Purpose Declaration: Clear statement that the amount is being received as earnest money for the intended purchase of the specified property

6. Terms and Conditions: Basic conditions regarding the earnest money, including whether it will form part of the purchase price and conditions for forfeiture or return

7. Acknowledgement Statement: Formal statement acknowledging receipt of the earnest money and agreement to the stated terms

8. Signatures: Space for signatures of both parties and witnesses