Massachusetts Commercial Real Estate Purchase and Sale Agreement

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Updated June 14, 2022

A Massachusetts commercial real estate purchase and sale agreement is a contract between a buyer and seller of land to be used for business purposes. The document outlines all the important details of the agreement, including the purchase price, the closing date, and special conditions (inspections, retrofitting, items included in the purchase, etc.). Once both parties have signed the contract it becomes legally binding. It is common for the buyer to pay a deposit upon the buyer’s acceptance of the agreement.

Disclosures

Title 5 Addendum – If there is a septic tank on the property, the seller must disclose this information in an addendum to the purchase agreement.

Realtor Version

Massachusetts Association of Realtors – Adobe PDF

Residential Property

Massachusetts Residential Purchase Agreement – A document used to establish the terms of a residential real estate sale.

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