Real Estate Purchase Agreement (Commercial)
Commercial property acquisition contract defining purchase terms, due diligence procedures, financing contingencies, and closing requirements for business real estate transactions.
Key Clauses
Recitals Whereas
Defines recitals whereas terms and conditions.
Property
Provides detailed description of commercial property including boundaries, improvements, and included fixtures.
Purchase Price And Payment
Defines total purchase price, earnest money, down payment, and financing arrangements.
Closing
Establishes closing date, location, and procedures for transferring ownership and funds.
Conditions Precedent
Lists requirements that must be satisfied before buyer is obligated to complete purchase.
Representations And Warranties
Contains seller's promises about property condition, legal status, and compliance.
Use This Template
When You Need This
- Purchasing office buildings, retail spaces, or industrial properties for business
- Acquiring investment properties for rental income or development projects
- Expanding business operations into owned rather than leased facilities
- Buying commercial land for future development or construction projects