Common Contracts

Commercial truck lease purchase agreement form

August 14th, 2021

• Filed
  August 14th, 2021

A commercial real estate purchase agreement allows a buyer and seller to make a mutually benefiting contract for the purchase of a commercial property. For traditional purchases where the buyer is paying cash or needs financing, a window of 30 to 180 days can be requested for inspections and general contingencies. By State A commercial purchase agreement allows for a seller to make a deal with an eligible buyer to transfer ownership of their real estate in exchange for cash or other trade. The buyer will commonly be required to deposit earnest money, known as “consideration”, in order for the contract to be valid. The earnest money is usually between 2% to 5% of the purchase price and is refundable only if there are problems found with the property during an inspection or while performing other due diligence. Types of Commercial Property Apartments (more than 4 units) Hotel Industrial Office Land Retail (shop, restaurant, etc.) How to Buy Commercial Property As the buyer, the art of pu