Receipt for Non-Refundable Deposit
Received of ___________________, hereinafter referred to as "Buyer", the sum of ________ ($_______) as NON-REFUNDABLE DEPOSIT toward the purchase of ________________ to be sold to Buyer by _________________, hereinafter referred to as
"Seller", owner of said property, on or before the _____ day of ______________, 201(x), for a total price of ($_________), this NON-REFUNDABLE DEPOSIT being a part thereof.
Buyer understands, acknowledges and agrees that if he fails to pay to Seller the remaining $______ due by the above date, said NON-REFUNDABLE DEPOSIT shall be forfeited.
Seller hereby agrees in consideration of payment of said NON-REFUNDABLE DEPOSIT to withdraw said item from the market until the above date and to transfer ownership to Buyer upon receipt of the remaining amount due.