Lot Reservation Agreement Template

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Cedar Crest Homes, LLC

RES-2026-0042

July 20, 2026

Lot Reservation Agreement

Reservation #RES-2026-0042

Reservation DateJuly 20, 2026

ExpiresAugust 19, 2026

CommunityAlder Creek

Prospective Buyer

Jordan Avery

88 Marigold Court, Springvale, CO 80000

Builder

Cedar Crest Homes, LLC

400 Timberline Parkway, Suite 210, Springvale, CO 80000

This Lot Reservation Agreement (the "Reservation") is entered into on July 20, 2026 between Jordan Avery (the "Buyer") and Cedar Crest Homes, LLC (the "Builder"). The Builder agrees to hold the homesite described below off the market for the Buyer during the Reservation Period, subject to the terms set out below.

1. Reserved Homesite

The Builder will reserve the following lot in Alder Creek for the Buyer:

Lot #14

BlockC

Homesite Address123 Juniper Trail, Springvale, CO 80000

Approx. Lot Size8,250 sq ft

2. Anticipated Home

The Buyer expresses a present intention to build the plan below on the reserved homesite. Plan selection is preliminary and may be changed by mutual agreement before a purchase agreement is signed.

Floor PlanThe Magnolia

ElevationCraftsman B

Anticipated Base Price$412,000.00

3. Reservation Deposit

Upon signing, the Buyer will deliver a fully refundable reservation deposit of $5,000.00. Within one business day after this Reservation is accepted, the deposit will be delivered to Trailhead Title & Escrow (the "Escrow Agent") and held in escrow in a federally insured account until it is refunded to the Buyer, credited under Section 5, or released under Section 6. The Builder will not use or have access to the deposit. At the Buyer's written request, the deposit will be held in an interest-bearing account for the Buyer's benefit, and the Buyer will pay any related escrow charges.

4. Reservation Period

The Reservation begins on July 20, 2026 and continues for 30 days, expiring at 5:00 PM local time on August 19, 2026 unless extended by written agreement of both parties. During the Reservation Period the Builder will not accept a reservation or purchase agreement for the reserved homesite from any other prospective buyer.

5. Conversion to Earnest Money

If the Buyer and the Builder sign a purchase agreement for the reserved homesite before the Reservation expires, the full reservation deposit will be credited toward the earnest money required under that purchase agreement.

6. Cancellation and Refund

Either party may cancel this Reservation at any time before a purchase agreement is signed, for any reason, by written notice to the other. If either party cancels, or if the Reservation expires without a signed purchase agreement, the entire reservation deposit, plus any interest earned and less any escrow charges the Buyer agreed to pay, will be refunded to the Buyer within 5 business days. The Buyer may also request the refund directly from the Escrow Agent. After any refund, neither party has any further obligation under this Reservation.

7. Not a Purchase Agreement

This Reservation is not an agreement to buy or sell the homesite and does not obligate the Buyer to purchase or the Builder to sell. The anticipated base price shown above is an estimate only and is not binding on either party; the purchase price, plan, options, and all other terms are established only when a written purchase agreement is signed by both parties.

8. General Terms

This Reservation is personal to the Buyer and may not be assigned. It is the entire agreement between the parties about the reservation of the homesite, may be changed only in a writing signed by both parties, may be signed electronically and in counterparts, and is governed by the laws of the State of Colorado.

The Buyer and the Builder have signed this Lot Reservation Agreement No. RES-2026-0042 for Lot 14, Block C, Alder Creek, as of the dates below.

Prospective Buyer

Jordan Avery

Builder Representative

Morgan Ellison

Division Sales Manager, Cedar Crest Homes, LLC