Updated June 03, 2022
A Washington D.C. commercial purchase agreement is between a buyer and seller of real estate used for a business purpose. Non-residential property qualifies as either retail, office, industrial, or residential housing with more than four (4) units. The buyer and seller are to agree to terms with the transfer of ownership to occur on the closing date. In most cases, the buyer will make an earnest money deposit to show their good-faith interest to buy the property. The earnest money deposit is usually around 5% of the purchase price.
Residential Property
Residential Purchase Agreement
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