Purchase and Sale Agreement
(Short Form) (Pro-Buyer) (TX)

Summary

This short form template of a purchase and sale agreement is intended for use in connection with the purchase of Texas commercial real property where the transaction is straightforward and is drafted from the perspective of the buyer. This template contains practical guidance, drafting notes, and alternate and optional clauses. This template is suggested for use in Texas; however, local counsel should be engaged to ensure that all state-specific requirements are met, and the agreement and ancillary documents comply with Texas law in all respects. If the property being conveyed requires a more in-depth agreement among the parties (e.g., if the property is an operating business, involves rental property or extensive due diligence is required by the buyer), see Commercial Purchase and Sale Agreement (Long Form) (TX) and Commercial Purchase and Sale Agreement (Long Form) (Pro-Buyer) (TX). For a short form commercial purchase and sale agreement drafted from the perspective of the seller, see Purchase and Sale Agreement (Short Form) (Pro-Seller) (TX). For further guidance on buying and selling Texas commercial real property, see Purchasing and Selling Commercial Real Estate Resource Kit (TX) and Purchase and Sale of Commercial Real Property (TX). For further guidance on commercial purchase and sale agreements, see Commercial Real Estate Purchase and Sale Agreements (TX) and Commercial Real Estate Purchase and Sale Agreements (TX). For a checklist of the commercial purchase and sale process in Texas, see Commercial Purchase and Sale Closing Checklist (TX). For guidance on the disclosures required in a commercial purchase and sales transaction in Texas, see Disclosure Requirements for Texas Commercial Purchase and Sales Transactions. For a full listing of key content covering purchasing and selling commercial real estate, see Purchasing and Selling Commercial Real Estate Resource Kit. 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. For a list of key resources covering commercial leasing-related tasks for a junior associate, see Junior Associate Real Estate Resource Kit (Commercial Purchase and Sale).