Purchases that amount to a very large sum of money might seem impossible to pay all at once. This is particularly true for purchases that involve vehicles, real estate, and lots among others. For these kinds of purchases, a down payment is usually given by the buyer. The amount to be given as down payment depends on the agreement between the seller and buyer. Down payment receipts also serve as a legally binding contract once both parties sign the receipt.
There are nine Sample Receipts that can be used as a guide in making a personalized down payment receipt sample. Check out all of the samples that we have and pick the one that best suits your preference.
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A generic down payment receipt has a very straightforward and simple format. It basically includes the following:
The mentioned fields are the common ones that are usually found in a down payment receipt. However, the fields that are included may vary for different types of down payment receipts. For example, a contractor receipt may include the timeline and the breakdown of the finances that will be used by the contractor, the services that will be rendered, and specific people that a certain service/material will be billed to. You may see Contractor Receipt Samples for more information on contractor receipts.
Another example would be for house down payment receipts wherein the specific details about the house will be asked such as the deed of the house, insurance, location of the house, payment terms, and details about the house such as measurements.
