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Receipt of Earnest Money

The seller signs this when the buyer pays earnest money. Under the Civil Code, earnest money is part of the price and proof that the sale was agreed.

Seller

In years, for example 34.

Buyer

In years, for example 34.

The Sale

For example, a parcel of land, Lot 5, Block 3, Barangay San Jose, Tanauan City, Batangas, covered by TCT No. T-123456.

For example, by BDO Manager's Check No. 0012345.

For example, in full on or before 30 November 2026, upon the signing of the Deed of Absolute Sale.

For example: If the sale does not push through because of the seller, the earnest money will be returned in full within 15 days. Leave it empty to skip.

Date and Place

For example, 8 October 2026.

What you type is kept on this device only, so you can come back and finish later. Nothing is sent anywhere. Press Clear to erase it, especially on a shared phone or computer.

RECEIPT OF EARNEST MONEY

I, seller's full name, age years old, Filipino, civil status, and residing at seller's address, hereby acknowledge that on date, I received from buyer's full name, age years old, Filipino, civil status, and residing at buyer's address, the sum of amount in words (₱amount), Philippine Currency, manner of payment, as EARNEST MONEY for the sale to buyer's full name of property description.

The total agreed price of the property is amount in words (₱price). The earnest money forms part of that price, in accordance with Article 1482 of the Civil Code of the Philippines, and shall be deducted from it. The balance shall be paid when and how.

Signed at city or municipality, on date.

seller's full name
Seller, received by
buyer's full name
Buyer, conforme

SIGNED IN THE PRESENCE OF:


Witness

Witness

Before You Print

  • Not legal advice. This is a general form. For your own situation, consult a lawyer, especially if your case is unusual or a lot of money is involved.
  • It does not need a notary to be valid. Sign it, and keep a signed copy.
  • Under Article 1482 of the Civil Code, earnest money is considered part of the price and proof that the sale was agreed (perfected). It is different from option money or a reservation fee, which only keeps the offer open. Write down plainly what the parties agreed.
  • Write down what happens to the money if the sale does not push through, in the "other terms" box. If nothing is agreed, disputes over earnest money can end up in court.
  • A receipt does not need to be notarized, but you can have it notarized if you want. Each party keeps a signed copy.
  • Before paying, check the title and the seller's right to sell. See the guide Checking land before buying.

If you have it notarized, what it usually costs →

For the steps around this document, see the guide Checking land before buying.

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