¶¶Òõ¶ÌÊÓƵ

All Countries
Legal Services
Reservation Fee Agreement

Reservation Fee Agreement Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Reservation Fee Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Reservation Fee Agreement

"I need a Reservation Fee Agreement for a luxury condominium development in Vancouver, with completion expected in March 2025, including specific clauses for staged payments and early-bird incentives for the first 10 reservations."

Celebrated by
Collaborations with
Investors
Document background
The Reservation Fee Agreement is commonly used in the Canadian real estate market, particularly for new developments, pre-construction properties, or high-demand real estate where buyers wish to secure their interest in a property before proceeding with a full purchase agreement. This document typically outlines the reservation fee amount, handling of funds in accordance with Canadian banking regulations, duration of the reservation period, and conditions for refund or conversion to purchase. It serves as an intermediate step between initial interest and final purchase, providing security for both parties while complying with provincial real estate laws and federal regulations. The agreement is particularly valuable in competitive markets where properties may sell quickly, giving serious buyers a formal mechanism to secure their interest while arranging financing or conducting due diligence.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including legal names and addresses

2. Background: Context of the agreement, including brief description of the property and purpose of the reservation

3. Definitions: Key terms used throughout the agreement

4. Property Details: Specific description of the property or unit being reserved

5. Reservation Fee: Amount of the fee, payment terms, and handling of funds

6. Reservation Period: Duration of the reservation and any extension provisions

7. Rights and Obligations: Specific rights granted by the reservation and obligations of both parties

8. Refund Conditions: Circumstances under which the reservation fee will be refunded or forfeited

9. Process for Purchase: Steps to convert the reservation into a purchase agreement

10. Termination: Conditions and process for terminating the agreement

11. Governing Law: Specification of applicable Canadian jurisdiction

12. Execution: Signature blocks and date of agreement

Optional Sections

1. Assignment: Include when reservation rights may be transferred to another party

2. Multiple Units: Include when reservation covers multiple properties or units

3. Development Conditions: Include for off-plan properties where development completion is relevant

4. Broker Provisions: Include when real estate brokers are involved in the transaction

5. Force Majeure: Include when needed to address unforeseen circumstances affecting the development or sale

6. Confidentiality: Include when sensitive information is shared during the reservation process

Suggested Schedules

1. Schedule A - Property Description: Detailed description of the property, including plans, specifications, and location details

2. Schedule B - Payment Schedule: Breakdown of reservation fee payment terms if paid in installments

3. Schedule C - Property Plans: Floor plans, site plans, or development plans as applicable

4. Appendix 1 - Required Forms: Any provincial-specific forms required for property reservations

5. Appendix 2 - Booking Process: Detailed steps for converting reservation to purchase

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




























Clauses



























Relevant Industries

Real Estate

Property Development

Construction

Commercial Property

Residential Property

Retail Property

Hospitality

Mixed-Use Development

Industrial Property

Luxury Real Estate

Relevant Teams

Legal

Real Estate

Sales

Business Development

Property Management

Compliance

Customer Relations

Operations

Finance

Administrative

Relevant Roles

Real Estate Developer

Property Manager

Real Estate Agent

Real Estate Broker

Sales Director

Legal Counsel

Contracts Manager

Business Development Manager

Sales Manager

Property Development Director

Compliance Officer

Transaction Coordinator

Customer Relations Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Hybrid Fee Agreement

A Canadian legal services agreement combining fixed fee and contingency fee structures, compliant with provincial Law Society requirements.

find out more

Mandate And Fee Agreement

A Canadian law-compliant agreement establishing professional service relationships, detailing service scope, responsibilities, and fee arrangements between service providers and clients.

find out more

No Win No Fee Agreement

A Canadian legal agreement establishing a contingency fee arrangement where legal fees are only payable upon successful resolution of the case.

find out more

Service Fee Agreement

A Canadian-law governed agreement establishing service provision terms and fee arrangements between service provider and client.

find out more

Fixed Fee Agreement

A Canadian-compliant contract establishing a fixed fee arrangement for specified services, with defined scope and payment terms.

find out more

Real Estate Commission Agreement Form

A Canadian-compliant agreement establishing commission terms and service scope between real estate professionals and their clients.

find out more

Finder's Fee Agreement For Raising Capital

A Canadian-compliant agreement establishing terms for compensating intermediaries who assist in raising capital through investor introductions.

find out more

General Contractor Agreement Cost Plus Fee

Canadian-law governed construction agreement establishing a cost-plus fee arrangement between owner and general contractor, including cost reimbursement and fee structure.

find out more

Client Retainer Agreement

A Canadian-law governed agreement establishing the terms of engagement between a law firm and client, including service scope, fees, and mutual obligations.

find out more

Non Refundable Fee Agreement

A Canadian-law compliant agreement establishing terms for non-refundable fees charged for specific services, protecting both service provider and client interests.

find out more

Tuition Grant Agreement

A Canadian-law governed agreement establishing terms for educational financial assistance, defining grant conditions and student obligations.

find out more

Hourly Fee Agreement

A Canadian-compliant agreement establishing terms and rates for hourly-based professional services, including billing procedures and service delivery requirements.

find out more

Consultant Referral Agreement

Canadian-law governed agreement establishing terms for consultant referral relationships, including referral processes, fees, and obligations.

find out more

Professional Fee Agreement

A Canadian-compliant agreement establishing terms, conditions, and fee arrangements for professional services delivery.

find out more

General Retainer Agreement

A Canadian legal document establishing the terms and conditions of ongoing legal representation between a law firm and client, compliant with provincial law society requirements.

find out more

Broker Fee Contract

A Canadian-compliant agreement governing broker compensation and service terms, aligned with federal and provincial securities regulations.

find out more

Software Referral Agreement

A Canadian-law governed agreement establishing terms for software sales referral partnerships, including compensation and compliance requirements.

find out more

Non Refundable Retainer Agreement

A Canadian-compliant agreement establishing non-refundable retainer terms for professional services, securing upfront payment and service commitment.

find out more

Referral Contract Agreement

A Canadian-law governed agreement establishing terms and conditions for business referral relationships, including compensation and compliance requirements.

find out more

Referral Agent Agreement

A Canadian legal agreement establishing terms for business referrals between an Agent and Principal, including compensation and obligations under Canadian law.

find out more

Intermediary Fee Agreement

A Canadian-law governed agreement establishing terms, conditions, and fee arrangements between a principal and intermediary service provider.

find out more

Monthly Retainer Agreement

A Canadian-law governed agreement establishing terms for ongoing professional services provided on a fixed monthly fee basis.

find out more

Marketing Fee Agreement

A Canadian-law governed agreement establishing marketing service terms and fee arrangements between a service provider and client.

find out more

Split Fee Agreement

A Canadian-compliant agreement establishing terms for sharing professional fees between two or more parties, including payment terms and regulatory compliance.

find out more

Reservation Fee Agreement

A Canadian-law governed agreement establishing terms for reserving property through payment of a fee, with provisions for converting to a full purchase.

find out more

Rental Fee Agreement

A legally binding agreement governing property rental terms and fee structures in Canada, compliant with federal and provincial tenancy laws.

find out more

Success Fee Agreement

A Canadian-compliant agreement establishing performance-based compensation terms where payment is contingent upon achieving specific objectives.

find out more

Fee Share Agreement

A Canadian-law governed agreement establishing terms for fee sharing between parties, including calculation methods and payment terms.

find out more

Royalty Fee Agreement

A Canadian-law agreement establishing terms for royalty payments in exchange for intellectual property or resource usage rights.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.