Commercial Purchase and Sale Agreement
(Short Form) (Pro-Seller)

Summary

This purchase and sale agreement is intended for use for the acquisition or disposition of commercial real property where the transaction is straightforward and is drafted from the perspective of the seller. This template includes practical guidance and drafting notes. Local counsel in the jurisdiction where the property is located should be consulted to advise on matters of local law. If the property being conveyed requires a more extensive agreement among the parties (e.g., if the property is an operating business or requires extensive due diligence on the part of the buyer), see Commercial Purchase and Sale Agreement (Long Form) for a purchase and sale agreement template for a more complex transaction. See Commercial Purchase and Sale Agreements for a discussion of drafting a purchase and sale agreement. For a full listing of key content covering purchasing and selling commercial real estate, see Purchasing and Selling Commercial Real Estate Resource Kit. See also Junior Associate Real Estate Resource Kit (Commercial Purchase and Sale). For a list of key resources covering real estate-related tasks for associates, in-house attorneys, and interns, see First Year Associate Resource Kit: Real Estate, Summer Associate Resource Kit: Real Estate, In-House Real Estate Resource Kit, and Federal Government Summer Intern Resource Kit: Real Estate. To compare state laws on commercial real estate ownership, see the Real Estate State Law Tracker. The following charts the steps in drafting a purchase and sale agreement for commercial real estate: