Updated July 31, 2023
A Maryland commercial real estate purchase and sale agreement is used by individuals or business entities to formalize the transfer of ownership of commercial property. The contract states the offered purchase price, financing (loans required to make the purchase), earnest deposits, and adjustments to closing costs (after expenses, deposits, taxes, and inspections). In many situations, the property will be retrofitted by the seller as a part of the agreement. The document becomes a legally binding contract once it has been signed by both parties. Contingencies of the agreement allow for any earnest deposits to be returned to the buyer in the event that financing cannot be secured.
Residential Property
Maryland Residential Purchase Agreement – A written contract containing all necessary clauses to carry out a residential real estate transaction between a buyer and a seller.
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