Florida commercial real estate contract pdfCommercial Real Estate Purchase and Sale Agreement • August 15th, 2021
Contract Type FiledAugust 15th, 2021The Florida commercial real estate purchase and sale agreement is used to clarify the details of a commercial property transaction between a seller and a buyer. Generally speaking, each party will have their own real estate agent and attorney present when looking over a purchase and sale agreement. Commercial property sales are more complex than residential real estate transactions and often involve more paperwork and rigorous inspections and research. A purchase and sale agreement for commercial real estate sets forth the terms and conditions for the sale of the property in question, including sale price, financing, insurance, titles and deeds, property condition, termination options, and closing date. Disclosures Transaction Broker Relationship (§ 475.278(1)(b) and (2)) – Unless a single agent or no brokerage relationship is established, it is presumed that a licensee is operating as a transaction broker. Should the parties wish for a single agent to become a transaction broker, they