Lot Reservation Terms
Currently available for Phase Two ONLY
1. Agreement
We will reach out to you to confirm the reservation request. You will then receive the reservation agreement via DocuSign for electronic signature.
2. Deposit
A refundable deposit of $5,000 is required before your lot will be officially reserved. Wire instructions will be included in your DocuSign packet.
3. Timeline
Once the plat is officially recorded for your phase, you’ll have 14 days to enter into a binding Real Estate Purchase Contract, including a 20% earnest money deposit. Closing must occur within 30 days after designation of “buildable lot” by Logan City.
4. Non-Binding
Due to the complex nature of the development process, a reservation agreement is non-binding on all parties. A reservation agreement is not a purchase contract.