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The Acknowledgement Receipt For Reservation Fee is a crucial document in Philippine business transactions, particularly in real estate dealings. It serves as official evidence of a buyer's intent to purchase and the seller's commitment to reserve the property or item. This document is commonly used when a potential buyer wants to secure their interest in a property before proceeding with the full purchase transaction. The receipt must comply with Philippine regulations, including the Civil Code of the Philippines, Real Estate Service Act, and relevant tax regulations. It typically includes detailed information about the parties involved, the property being reserved, the amount paid, terms of the reservation, and conditions for refund or forfeiture. This document provides protection for both parties and serves as a preliminary step before the execution of a formal contract of sale.

1. Receipt Details: Date of receipt, receipt number, and location where issued

2. Parties Information: Complete details of the party paying the reservation fee (payor) and the receiving party (payee), including full names, addresses, and contact information

3. Payment Information: Amount received in both numbers and words, form of payment (cash, check, bank transfer), and payment reference numbers if applicable

4. Purpose of Payment: Clear statement that the payment is a reservation fee, including specific details of what is being reserved (property description, unit number, etc.)

5. Terms of Reservation: Duration of the reservation period and what happens to the fee (refundable/non-refundable, applicable to purchase price, etc.)

6. Acknowledgement Statement: Formal statement acknowledging receipt of the reservation fee and agreement to the terms

7. Signatures: Space for signatures of both parties, with names and dates