Terms and Conditions for Non-Refundable $5000 Deposit on the Sale of Farmhouse Tiny Home

Purpose of Deposit: The purpose of this deposit is to secure the purchase of one Farmhouse Tiny Home as described in the brochure located here (the “Tiny Home”) and to demonstrate the Buyer’s commitment to the transaction for the purchase price of $119,900 plus gst, plus 50% of 7% PST for BC Residents.

Non-Refundable Nature: The deposit is non-refundable and shall not be returned to the Buyer, except in the event that the transaction does not close due to the fault of the Seller.

Application of Deposit: The deposit shall be applied to the purchase price of the Tiny Home at the closing of the transaction.

Time for Full Payment: The full purchase price of the Tiny Home shall be paid by the Buyer within 7 days from the date of this agreement, unless otherwise agreed in writing by the parties.

Default: If the Buyer defaults on their obligation to pay the full purchase price within 30 days, the Seller may, at their discretion, terminate this agreement and keep the deposit as liquidated damages.

Closing Costs: The Buyer shall be responsible for all transportation fees and sales taxes.

Governing Law: This agreement shall be governed by and construed in accordance with the laws British Columbia, Canada.

Entire Agreement: This agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties. Any changes to this agreement must be in writing and signed by both parties.

Binding Effect: This agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, and assigns.

By paying this deposit, the Buyer acknowledges that they have read, understand, and agree to the terms and conditions set forth in this agreement.