Commercial Purchase and Sale Agreement
(Long Form) (VA)

Summary

This purchase and sale agreement may be used for the purchase and sale of commercial property in the Commonwealth of Virginia. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. The length and specificity of a purchase and sale agreement varies depending on the size, type, and complexity of the property being acquired or sold, as well as the relative bargaining power of the parties. This template is suggested for use in Virginia; however, local counsel should be engaged to ensure that all state-specific requirements are met and that the purchase and sale agreement complies with Virginia law in all regards. For a full listing of key content covering purchasing and selling commercial real estate, see Purchasing and Selling Commercial Real Estate Resource Kit. For more on the purchase and sale of commercial real property, see Purchasing and Selling Commercial Real Estate Resource Kit.