Common Contracts
1 similar Reservation Agreement contracts
RESERVATION AGREEMENTReservation Agreement • April 2nd, 2018 • Alabama
THIS RESERVATION AGREEMENT (this "Agreement") between Positano, LLC, an Alabama limited liability company, ("Declarant") and Interested Purchaser identified above, sets forth Interested Purchaser's intent to purchase a condominium unit ("Unit") for purchase from Declarant, in a new condominium project planned to be constructed in Orange Beach, Alabama, on the Gulf of Mexico, and to be known as Positano, a Condominium ("Positano"). The purchase is in all respects subject to, and will be completed only in accordance with, the terms and provisions of a definitive purchase contract (the "Positano Purchase Contract"), which Positano Purchase Contract may be executed and delivered by Declarant and Interested Purchaser after Declarant has determined that any required federal and state disclosures and/or registration requirements have been satisfied and the preliminary plans and specifications for Positano are completed with the actual Unit specifically delineated thereon (the "Conditions").
