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ADVANCE PAYMENT RECEIPT
I/We, ………………………………………………………….…………………………………………………………………………………………
………………………………………………………………………….., have received with thanks a sum of Rs. …………………/-
(Rupees …………………………………………………………… Only) from …………………………………………………………………
…………………………………………………………………..…………………………………………………..………………...…………., as an
advance payment towards the sale of residential floor measuring ………………………….. vide Plot No. :
…………………… in Block : ………………………. on ………… floor, situated at …………………………………………
………………………………………………………………………………………………………………………………………………………………..
at the Price of Rs. ………………………..……… (Rupees ………………………………………………..………………………..……………
……………………………..……….………………………. Only) exclusive of …………………………………..…………………………………
……………………………………………………………………. But doesn’t include ……………………………………………………………
The details of payments are as below:
Cash/Cheque Dated In Favour Of Drawn On Amount
The balance payment has to pay on or before ……………………………….
I/we have signed this receipt in the presence of the following witnesses with the commitment that: If I/we
(Seller) back out of this deal, I’ll be liable to pay double of this advance/earnest money I have
received from the Buyer. Similarly, if the Buyer back out of this deal then his advance/earnest money
paid to the Seller stands forfeited. And all the Interest/ Penalties & Transfer Fee will be borne by the
Seller.
Dated: …………………………….
Witnesses: Seller
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If it really was a no–brainer to make it on your own in business there’d be millions of no–brained, harebrained, and otherwise dubiously brained individuals quitting their day jobs and hanging out their own shingles. Nobody would be left to round out the workforce and execute the business plan. | Bill Rancic