What Is a Booking Form?
A Booking Form is a document that confirms the property selection and outlines the main terms of purchase: the price, payment schedule, and buyer’s personal details. Signing this form is a significant step toward the purchase of the property.
Key Elements of the Booking Form
- Personal Details
The buyer’s name, date of birth, nationality, passport number, and contact information.
- Property Details
A description of the property, including the apartment number, floor, area, and other features.
- Price and Payment Terms
The total price, down payment amount, payment schedule, and financing terms (if applicable).
- Signatures
The signatures of the buyer and the developer’s representative confirm agreement to the terms.
Steps to Complete the Booking Form
- Receiving the Form
- Filling Out the Form
- Signing the Form
- Paying the Deposit
The client makes a deposit (typically 5−10% of the property value), which confirms the booking and secures the property for them.
Benefits of the Booking Form
- Confirmation of Intentions
The form formalizes the decision to purchase and ensures the property won’t be sold to someone else.
- Fixed Terms
All key deal parameters, including the price and payment schedule, are documented. This allows your client to retain beneficial terms before the transaction begins.
- A Step Toward Ownership
Completing the Booking Form is an essential step toward signing the sales agreement and receiving the keys to the new property.