Commercial property sales contract templateCommercial Property Sales Contract • August 16th, 2022
Updated August 03, 2022A 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 What is a Commerical Purchase Agreement? 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 (6) Apartments (more than 4 units) Hotel Industrial Office Land Retail (shop, restaura
