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The Property Deposit Agreement serves as a crucial document in U.S. real estate transactions, providing security and clarity for all parties involved in property purchases. When a buyer expresses serious interest in purchasing property, they typically provide earnest money as a show of good faith. This agreement outlines how this deposit will be handled, protected, and eventually distributed. It includes specific terms about deposit amount, holding requirements, release conditions, and dispute resolution procedures. The document must comply with both federal regulations and state-specific real estate laws, making it an essential tool in protecting the interests of both buyers and sellers during the property acquisition process.

1. Parties: Identification of buyer, seller, and escrow agent if applicable

2. Background: Context of the transaction and purpose of the deposit agreement

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property being purchased

5. Deposit Amount and Payment Terms: Specification of deposit amount, payment method, and timing

6. Deposit Handling: Details of how the deposit will be held and managed

7. Release Conditions: Conditions under which the deposit will be released or forfeited