Termination of contract and release of earnest money 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by filling in the Seller and Buyer details, including their names and mailing addresses. This establishes the parties involved in the contract.
3. In the Contract section, specify the property being sold and include the Effective Date of the original contract. This clarifies which agreement is being terminated.
4. Indicate your mutual intent to terminate the contract. Ensure both parties understand that this does not affect any rights related to the earnest money deposit.
5. Review the Release from Liability section carefully. Both parties must agree to release each other from claims related to the contract, except for those concerning the deposit.
6. In the Deposit section, clarify that rights regarding the earnest money are retained until a resolution is reached. This is crucial for legal clarity.
7. Finally, ensure all parties sign and date the document to make it effective. This step finalizes your termination agreement.

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