Token / booking amount receipt

Who uses it and when

The full template

Words in [BRACKETS] are blanks. Fill them in below or after you copy it — nothing you type is sent anywhere.

RECEIPT FOR TOKEN / BOOKING AMOUNT

Date: [DATE]
Place: [CITY]

I, [SELLER FULL NAME], residing at [SELLER ADDRESS], PAN [SELLER PAN], confirm that I have received from [BUYER FULL NAME], residing at [BUYER ADDRESS], the sum of Rs. [TOKEN AMOUNT IN FIGURES] (Rupees [TOKEN AMOUNT IN WORDS] only) by [MODE: CHEQUE NO. / UPI OR BANK TRANSFER REFERENCE] dated [PAYMENT DATE], as token money for the sale of:

[PROPERTY DESCRIPTION: FLAT / PLOT NUMBER, BUILDING OR SOCIETY, LOCALITY, CITY, PINCODE, AREA]

on the following terms:

1. Total agreed price: Rs. [TOTAL PRICE IN FIGURES] (Rupees [TOTAL PRICE IN WORDS] only).
2. The token is part of the total price and will be adjusted against it.
3. The parties will sign a written agreement to sell on or before [AGREEMENT DEADLINE], after the buyer's lawyer has reviewed the title documents.
4. The seller will provide copies of [LIST: TITLE DEEDS, ENCUMBRANCE CERTIFICATE, TAX RECEIPTS, SOCIETY SHARE CERTIFICATE, APPROVED PLAN] by [DOCUMENT DATE].
5. If the title documents show a defect, a loan, or a dispute the seller has not disclosed, the full token will be refunded within [REFUND DAYS] days.
6. If the seller withdraws without such a reason, the seller will refund the token [AND AN EQUAL AMOUNT] within [REFUND DAYS] days.
7. If the buyer withdraws without such a reason after the documents are provided, Rs. [FORFEIT AMOUNT] may be kept by the seller and the rest refunded within [REFUND DAYS] days.
8. Until [AGREEMENT DEADLINE], the seller will not accept an offer or token from anyone else for this property.

Received by (seller): ______________________   [SELLER FULL NAME]
Paid by (buyer): ______________________   [BUYER FULL NAME]

Witness: [WITNESS NAME AND ADDRESS]   Signature: ____________

This is a sample, not legal advice. Have a lawyer review it for your state and your deal before anyone signs.

What to check, clause by clause

Numbered as they appear in the template.

How to complete it

In the order it happens.

1. 1

   Agree the total price and the date for the agreement to sell.

2. 2

   Fill in the receipt and the refund terms before paying.

3. 3

   Pay by cheque or bank transfer and write the reference on the receipt.

4. 4

   Both sides sign; keep the original with the buyer.

5. 5

   Send the title documents to your lawyer at once.

Questions people ask

Sources

• Real Estate (Regulation and Development) Act, 2016, section 13
• Transfer of Property Act, 1882, section 54