Common Contracts
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Arizona commercial real estate purchase contract pdfNovember 1st, 2020
The commercial purchase agreement allows a buyer and seller to make a mutually beneficial contract for the purchase of a commercial property. For traditional purchases where the buyer pays in cash or needs financing, a window of 30 to 180 days may be requested for inspections and general contingencies. If the buyer needs their property to sell first or has a 1031 exchange, unforeseen expenses may be more widespread. By State A commercial purchase agreement allows a seller to make an agreement with a eligible buyer to transfer ownership of their real estate in exchange for cash or other trade. The buyer will usually be required to deposit earnest money, known as remuneration, for the contract to be valid. The earnest money is usually between 2% to 5% of the purchase price and is only refunded if there are problems with the property during an inspection or while performing other due diligence. Types of Commercial Property Apartments (more than 4 units) Hotel Industrial Office Land Retail
