PRIORITY RESERVATION AGREEMENT
Overlook Bay
For and in consideration of the sum of Three Hundred ($300.00) ("Refundable Reservation Fee") and the mutual promise herein contained, ("Prospective Purchaser") and TN Land & Lakes, LLC. a Delaware Limited Liability Company, do agree as follows:
- TN Land & Lakes, LLC shall reserve a preferred appointment time during the Sale Weekend for Prospective Purchaser to view parcels at Overlook Bay before offering the same to the general public. TN Land & Lakes, LLC shall receive the Refundable Reservation Fee from Prospective Purchaser to guarantee a preferred appointment time.
- TN Land & Lakes, LLC will refund the $300 Reservation Fee upon Prospective Purchaser's arrival to Overlook Bay. If Prospective Purchaser cancels priority reservation a minimum of 48 hours before the appointment, Prospective Purchaser will be refunded the Reservation Fee.
- This Reservation Agreement does not create an obligation to purchase by Prospective Purchaser nor an obligation to sell by TN Land & Lakes, LLC. Parcels located at Overlook Bay are subject to a Declaration of Covenants and Restrictions, a summary of which is available from your Land Consultant.
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