The Reservation Fee Acknowledgement Receipt is a crucial document in Australian property transactions, typically used when a potential purchaser wishes to secure their interest in a property before proceeding with a formal contract of sale. This document is particularly common in new developments, off-the-plan purchases, and competitive property markets where buyers want to demonstrate serious intent. The receipt formally acknowledges the payment of a reservation fee and specifies the terms under which the property will be held for the potential purchaser, usually for a defined period. It includes essential details such as the property description, amount paid, reservation period, and conditions for refund or forfeiture. This document serves as an important interim step between initial interest and formal contract signing, providing clarity and protection for all parties involved in the transaction.

1. Receipt Header: Document title, date, and unique reference number

2. Party Details: Full names and contact details of the potential purchaser (payer) and the recipient (agent/vendor)

3. Property Details: Complete details of the property being reserved, including address and legal description

4. Payment Details: Amount paid, payment method, date of payment, and payment reference

5. Purpose Statement: Clear statement that the payment is a reservation fee for the specified property

6. Terms of Reservation: Duration of the reservation period and what the fee secures

7. Fee Treatment: Explanation of how the fee will be treated (e.g., part of deposit, refund conditions, forfeiture conditions)

8. Acknowledgment: Formal acknowledgment of receipt and agreement to terms

9. Execution: Signatures of all parties and date