Real estate · medio
Property Reservation Agreement
This property reservation agreement template is designed for use in Paraguay, with formal structure, party appearance and editable clauses. You can adapt it online before generating a professional PDF.
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PROPERTY RESERVATION AGREEMENT
In the city of Asunción, Republic of Paraguay, on [Date: e.g. 05/02/2026], appears on one side [Party A name: e.g. Juan Pérez], holder of ID No. [Party A ID: e.g. 1,234,567], domiciled at [Party A address: e.g. Asunción], hereinafter "PARTY A"; and on the other side [Party B name: e.g. María González], holder of ID/Tax ID No. [Party B ID/Tax ID: e.g. 80012345-6], domiciled at [Party B address: e.g. San Lorenzo], hereinafter "PARTY B". The parties state that they have sufficient capacity to bind themselves and agree to execute this private instrument, subject to the following clauses:
FIRST: PURPOSE
PARTY A and PARTY B agree to the temporary reservation of the property identified as [Property: e.g. Apartment 3B, Edificio Lapacho], with a view to execute [Main transaction: e.g. purchase agreement]. This agreement shall be interpreted in good faith, according to its economic purpose and prudent Paraguayan legal practice.
SECOND: PRICE AND PAYMENT METHOD
As consideration, price, rent, contribution or economic acknowledgment, according to the nature of the act, the parties establish [Reservation amount: e.g. Gs. 10,000,000 (ten million guaraníes)], creditable to the final price if the main agreement is signed. Every payment must be documented by receipt, bank voucher or sufficient written record.
THIRD: TERM
The term or effectiveness shall be [Reservation term: e.g. 15 calendar days], counted from the signing of this instrument. Any extension, suspension or amendment must be made in writing and physically or digitally signed by the parties.
FOURTH: OBLIGATIONS OF THE PARTIES
- The RESERVING PARTY shall remove the property from offers to third parties during the agreed term.
- The INTERESTED PARTY shall provide the documents and information necessary to execute the main agreement.
- The parties shall negotiate the final agreement in good faith and record any extension in writing.
FIFTH: REPRESENTATIONS AND WARRANTIES
The parties declare that the stated information is true, that they act without fraud, mistake, violence or intimidation, and that they know the legal and economic scope of the obligations assumed. If the transaction is not executed for reasons attributable to the INTERESTED PARTY, the amount delivered may remain with the RESERVING PARTY as agreed compensation.
SIXTH: BREACH
Serious breach, unjustified default or lack of essential cooperation shall entitle the performing party to request performance, termination or compensation that may correspond, after notice by reliable means when the nature of the obligation permits it.
SEVENTH: ADDRESSES AND NOTICES
For all purposes of this agreement, the parties establish as special addresses those indicated in the appearance section, where written communications, emails and notices related to performance of the agreement shall be valid.
EIGHTH: JURISDICTION
For any dispute arising from this instrument, the parties shall seek an amicable solution. If disagreement persists, they submit to the competent ordinary courts of the Republic of Paraguay, without prejudice to mandatory rules applicable by subject matter or territory.
NINTH: ACCEPTANCE
Having read this document and as evidence of agreement, the parties sign two counterparts of the same tenor and for one single effect, at the place and date indicated above.
PARTY A signature: ___________________________
PARTY B signature: ___________________________