In consideration of the payment by the Purchaser to Story Homes Limited of the Reservation Fee, Story Homes reserves the Property for the Purchaser at the Purchase Price until Reservation Expiry Date. If, by this date, the Purchaser has exchanged unconditional contracts for the purchase of the property, the Reservation Fee shall be allowed as part payment of the Purchase Price. If, by the Reservation Expiry Date, the Purchaser has failed to exchange unconditional contracts for the purpose of the Property at the Purchase Price, the Reservation will lapse. In this event, Story Homes shall be entitled to withdraw its offer to sell the Property to the Purchaser.
This Reservation Agreement is subject to contract. Once this Reservation Agreement has been signed, Story Homes will not sell or attempt to sell this Property to any other person unless the Expiry Date has passed. The Purchaser has the right to cancel this agreement at any time during the Reservation Period. If this Reservation Agreement is cancelled or has expired, Story Homes will return your deposit, less the Administration Fee.
Please note – if at any time during the Reservation Period the Purchaser wishes to withdraw from the Reservation Agreement, this must be notified in writing addressed to the Sales Manager at Story Homes.
For further information, please speak to one of our Sales Executives.