tiktok³ÉÈË°æ

All Countries
Reservation Deposit Agreement

Reservation Deposit Agreement Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Reservation Deposit Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Reservation Deposit Agreement

"I need a Reservation Deposit Agreement for a residential property in Sydney, with a 5% deposit and 30-day reservation period, including standard termination clauses and deposit protection provisions."

Celebrated by
Collaborations with
Investors
Document background
The Reservation Deposit Agreement is a crucial document in Australian property transactions, particularly in new developments, off-the-plan purchases, or competitive property markets. It provides a structured framework for potential purchasers to secure their interest in a property while finalizing due diligence or arranging financing. This agreement type is commonly used in both residential and commercial property sectors across Australia, offering protection for both vendors and purchasers by clearly defining the reservation terms, deposit handling, and conditions for proceeding to full purchase. The document must comply with state-specific property laws, Australian Consumer Law, and relevant financial regulations regarding deposit handling.
Suggested Sections

1. Parties: Identification of the vendor/seller and the potential purchaser making the reservation

2. Background: Context of the agreement, including brief description of the property and purpose of the reservation

3. Definitions: Key terms used throughout the agreement including 'Deposit', 'Property', 'Reservation Period', etc.

4. Property Details: Full legal description of the property being reserved

5. Deposit Amount and Payment: Specification of the deposit amount, payment method, and timing

6. Reservation Period: Duration of the reservation and any extension provisions

7. Rights and Obligations: Key responsibilities of both parties during the reservation period

8. Deposit Treatment: How the deposit will be held, used, and returned or applied

9. Purchase Process: Steps to proceed from reservation to full purchase agreement

10. Termination: Circumstances under which the agreement can be terminated

11. Governing Law: Specification of applicable jurisdiction and governing law

Optional Sections

1. Development Conditions: For off-the-plan properties, includes specific conditions related to development completion and approvals

2. Multiple Properties: When the reservation covers multiple properties or units in a development

3. Finance Conditions: When specific financing arrangements are part of the reservation agreement

4. Foreign Investment Approval: Required when the potential purchaser is a foreign investor

5. GST Provisions: Detailed GST treatment where applicable, particularly for new properties

6. Agent Authority: When the reservation is being made through or by an agent

Suggested Schedules

1. Property Schedule: Detailed description of the property including lot number, title details, and inclusions

2. Payment Schedule: Breakdown of deposit payments if paid in installments

3. Reservation Timeline: Key dates and deadlines in the reservation process

4. Required Documents: List of documents required for the full purchase agreement

5. Property Plans: For off-the-plan properties, includes relevant plans and specifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
Clauses
























Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Property Investment

Financial Services

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate Sales

Property Development

Compliance

Contract Administration

Property Management

Settlement

Conveyancing

Business Development

Risk Management

Relevant Roles

Property Lawyer

Real Estate Agent

Property Developer

Sales Manager

Legal Counsel

Property Manager

Contracts Administrator

Compliance Officer

Real Estate Sales Director

Development Manager

Settlement Officer

Conveyancer

Property Sales Consultant

Legal Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

6 Month Rent Agreement

An Australian compliant 6-month residential tenancy agreement establishing terms and conditions for property rental.

find out more

Earnest Money Deposit Agreement

An Australian legal agreement governing the terms and conditions of earnest money deposits in property transactions, ensuring security for both buyers and sellers.

find out more

Simple Security Deposit Agreement

An Australian-compliant agreement establishing terms for holding, managing, and returning a security deposit between parties.

find out more

Term Deposit Agreement

An Australian-compliant agreement governing the terms and conditions of a fixed-term deposit between a financial institution and a depositor.

find out more

Car Buying Deposit Contract

An Australian law-governed agreement that establishes terms and conditions for a vehicle purchase deposit, protecting both buyer and seller interests.

find out more

Lease Rental Bond Policy

An Australian-compliant policy document outlining procedures and requirements for rental bond management, lodgment, and refund processes.

find out more

Deposit Agreement For Business Purchase

An Australian law-governed agreement that establishes terms for handling and releasing a deposit in a business purchase transaction.

find out more

Control Agreement Bank Account

An Australian law-governed trilateral agreement establishing control rights over bank accounts between an account holder, secured party, and bank under PPSA.

find out more

Business Sale Deposit Contract

An Australian legal agreement governing the payment, holding, and release conditions of a deposit in a business sale transaction.

find out more

Assignment Of Security Deposit

An Australian legal document that transfers rights and interests in a security deposit from one party to another, complying with relevant federal and state regulations.

find out more

Earnest Money Contract

An Australian legal document that secures a property purchase through earnest money deposit, establishing terms and conditions under Australian property law.

find out more

Security Deposit Installment Agreement

An Australian agreement setting out terms for paying and managing a security deposit through scheduled installments, including payment structure and party obligations.

find out more

Reservation Deposit Agreement

An Australian legal agreement establishing terms for property reservation through deposit payment, outlining parties' rights and deposit handling procedures.

find out more

Employee Security Deposit Agreement

An Australian-compliant agreement establishing terms and conditions for holding and managing an employee security deposit, protecting both employer and employee interests.

find out more

Deposit Agreement Contract

An Australian-law governed agreement between a financial institution and depositor establishing terms for handling deposited funds and account operations.

find out more

6 Month Rent Contract

An Australian-compliant six-month residential tenancy agreement establishing terms and conditions between landlord and tenant.

find out more

Refundable Deposit Agreement

Australian-compliant agreement establishing terms and conditions for a refundable deposit, including payment terms and refund conditions under Australian law.

find out more

Deposit Rental Agreement

An Australian jurisdiction agreement governing rental property deposits and associated tenancy terms between landlord and tenant.

find out more

Non Refundable Deposit Agreement

An Australian law-governed agreement establishing terms for a non-refundable deposit, including payment conditions and retention circumstances.

find out more

Agreement For Deposit Payment

An Australian law-governed agreement that establishes terms and conditions for deposit payments, including payment terms, refund conditions, and parties' rights and obligations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.