Performance Deposit

Philadelphia Land Bank Performance Deposit

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Business Name

Primary Contact Name

First

Last

Address

Address Line 1

Address Line 2

City

State

Zip Code

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Phone

Parcel Addresses Included in Proposal:

Terms
The applicant’s deposit will become "hard" money upon signing the purchase agreement. At settlement, the deposit is converted into a “security completion” deposit (a/k/a performance deposit) and is held until the project is completed in accordance with the purchase agreement. If the selected applicant fails to timely provide the required deposit, the applicant may be disqualified at PHDC’s/Land Bank’s sole and absolute discretion. Interest earned on any deposits will not be paid to any applicant.

Deposit Amount

Applications must include a deposit in the amount of one thousand five hundred dollars ($1,500) or ten percent (10%) of the offer price, whichever is greater through this PayPal link.

Minimum Price: $10.00

Name

Philadelphia Land Bank
1234 Market St., 16th Floor
Philadelphia, PA 19107
215-448-3034
land@phdc.phila.gov

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The Philadelphia Land Bank (PLB) is staffed by employees of PHDC. The Land Bank is an independent organization overseen by an independent board of directors. PHDC and the Land Bank work together to create seamless programs and services that support community development in the City of Philadelphia.