Common use of BUILDER DEPOSIT Clause in Contracts

BUILDER DEPOSIT. Buyer shall remit $ as builder’s deposit with (seller): Flair Homes Texas at 0000 Xxxxxxxxx Xx., Xx Xxxx, XX upon execution by both parties. Additional builder deposit of $ shall be remitted by the Buyer with the builder on or before , 20 . NO BUILDER DEPOSIT IS REFUNDABLE UNLESS OTHERWISE STATED HEREIN. If the buyer fails to deposit the builder’s deposit as required by this contract, the contract is void.