27/06/2024
What is Reservation Fee? ๐
๐The Reservation fee is a payment made by clients to developer to hold a property and is usually good for 30 days.
Is the Reservation Fee refundable?
๐NO, Because when an interested buyer made a reservation to hold the property but eventually wants to cancel, the developer missed selling the property to other interested buyers, thus the developer lost an opportunity.
Is the Reservation Fee deductable from the selling price?
YES, the reservation fee is deductable from the total contract price.