Thank you for expressing interest in purchasing the above property. Our office will contact the seller and advise them of your interest and contact you just as soon as we receive their instructions from them. Holding Sum: An amount of $1000.00 (“Holding Sum”) is required to be remitted to the Stakeholder, Ramsden Lawyers, whose details are set out in the “Contract Particulars” attached to this Expression of Interest. This amount will be applied as the initial deposit indicated in the Contract of Sale. Method of payment: The sum of $1000.00 may be paid as follows:- A. By cheque payable to “Ramsden Lawyers Trust Account” in the amount of $1000.00; Validity of Express Of Interest: The Expression of Interest may be refused by the seller at any time prior to formal Contract being entered into, in which event the $1000.00 holding Sum will be refunded to the Proposed Buyer in full. No Contract: The Proposed Buyer expressly acknowledges that:- (a) No Contract or legal relationship is created by this document or the attached Particulars for Contract. (b) A contract for purchase of the Property does not come into existence unless and until both the Seller and the proposed Buyer each sign formal Contract documentation. (c) The Proposed Buyer agrees to sign and return Contract documentation within seven (7) days of receiving same, together with the required deposit (Less the $1000.00 holding Sum). Please note that if the Proposed Buyer does not execute the Contract, then a documentation preparation fee of $275.00 will apply and will be deducted from the $1000.00 holding Sum. The Proposed Buyer authorises this deduction in those circumstances. (d) Contract documentation shall be prepared by the agent or solicitor acting for the seller. There is no obligation on the seller to submit Contract documentation to the Proposed Buyer or sell the subject Lot to the Proposed Buyer.