New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 26 - PLANNED REAL ESTATE DEVELOPMENT FULL DISCLOSURE ACT REGULATIONS
Subchapter 10 - NONBINDING RESERVATION AGREEMENTS
Section 5:26-10.5 - Reservation form

1. The name and location of the project;

2. The name and address of the developer;

3. The name and address of the prospective purchaser;

4. A description of the particular lot, parcel, unit or interest reserved;

5. The purchase price and terms;

6. A notice in 10-point bold face type that the nonbinding reservation agreement does not obligate the purchaser in any way, that there is or is not, as the case may be, a guarantee by the developer that the purchase price and terms will not be changed for such period of time as may be specified in the agreement, that there is or is not, as the case may be, a guarantee that the unit, lot, parcel or interest described in the agreement will be built or otherwise made available for purchase by the prospective purchaser, and that he or she may receive a refund of the deposit, upon request, at any time prior to the execution of a contract or agreement of sale;

7. All nonbinding reservation agreements shall be signed by the party reserving the unit and by the developer or the agent of the developer.

8. A statement of the period of time for which the nonbinding reservation agreement is effective.