The Release of Earnest Money Form is a crucial document in German real estate transactions, used when parties need to formally document the release of earnest money (Draufgabe) either due to successful completion of a transaction or mutual agreement to terminate. This document type is specifically designed to comply with German Civil Code (BGB) requirements, particularly §§336-338 regarding earnest money handling. It's utilized in situations where the original purchase agreement is either fulfilled or terminated, and the parties need to document their mutual agreement regarding the disposition of the earnest money. The form includes essential details such as party information, transaction references, release terms, and payment instructions, ensuring proper documentation and legal compliance in German property transactions.

1. Identification of Parties: Full legal names and addresses of all parties involved, including the buyer, seller, and if applicable, the escrow agent or notary holding the earnest money

2. Reference to Original Transaction: Details of the original purchase agreement or contract, including date, property address, and amount of earnest money deposited

3. Release Statement: Clear statement of the mutual agreement to release the earnest money, specifying the amount and recipient

4. Payment Instructions: Specific instructions for the transfer or release of the earnest money, including banking details if applicable

5. Release of Claims: Mutual release of all claims related to the earnest money deposit

6. Signatures: Signature blocks for all parties, including date fields