Updated November 10, 2023
A California commercial purchase and sale agreement is a document that is introduced early on in a commercial real estate transaction. This legal contract is drafted and negotiated by the parties (buyer, seller, and their agents) once brokerage agreements have been signed and a letter of intent delivered to the seller by the buyer. A purchase and sale agreement establishes the terms and conditions of the transaction, such as sale price, financing, approvals and consents, lease options, and pre- and post-closing terms. The parties will negotiate all these terms until they come to a mutually acceptable and beneficial arrangement, at which point they will sign the agreement.
Realtor Sample
California Assoc. of Realtors – PDF
Residential Property
California Residential Purchase Agreement – A legal document that establishes a residential property sale between a seller and a buyer.
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