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Receipt for Non-Refundable Deposit

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This is a receipt intended for deposits that cannot be refunded if the buyer does not complete the purchase by the date mentioned in the receipt. This form can be used by a seller to record a buyer's non-refundable deposit made toward the purchase of certain specified property, such as a vehicle. In exchange for the deposit, the seller agrees to withdraw the vehicle from the market until an agreed upon date and further agrees to transfer title of the vehicle upon receipt of the remaining amount due. This generic form can be customized to record a non-refundable deposit paid toward the purchase of any good, service, or property.

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									This is a receipt intended for deposits that cannot be refunded if the buyer does not
complete the purchase by the date mentioned in the receipt. This form can be used by
a seller to record a buyer's non-refundable deposit made toward the purchase of certain
specified property, such as a vehicle. In exchange for the deposit, the seller agrees to
withdraw the vehicle from the market until an agreed upon date and further agrees to
transfer title of the vehicle upon receipt of the remaining amount due. This generic form
can be customized to record a non-refundable deposit paid toward the purchase of any
good, service, or property.
             RECEIPT FOR NON-REFUNDABLE DEPOSIT

Received from ________[Buyer’s Name]___________, (the “Buyer”), the sum of
______________ Dollars ($_______) as NON-REFUNDABLE DEPOSIT toward the
purchase of ________[description of automobile]________ (the “Vehicle”) to be sold by
________[Seller’s Name]_________, (the “Seller”) on or before the ____ day of
______________, 20______ (“Due Date”), for a total price of ______________ Dollars
($_________) and this NON-REFUNDABLE DEPOSIT being a part thereof.

Buyer understands, acknowledges and agrees that if he fails to pay to Seller the remaining
sum of _________________ Dollars ($___________) by the above mentioned due date, said
NON-REFUNDABLE DEPOSIT shall be forfeited by Seller without any notice to the Buyer.

Seller hereby agrees that in consideration of payment of the said NON-REFUNDABLE
DEPOSIT he shall withdraw the said vehicle from sale until the due date and to transfer title
to said vehicle to Buyer upon receipt of the remaining amount due.

Signed, sealed and delivered in the presence of:


Buyer:

___________________________

Name: _____________________

Witness:

___________________

Name: ______________


Seller:

___________________________

Name: _____________________

Witness:

___________________

Name: ______________




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