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Michigan Commercial Real Estate Purchase and Sale Agreement

A Michigan commercial real estate purchase and sale agreement describes a potential buyer's offer to purchase commercial real estate from a seller. In addition to the proposed purchase price, the contract must include details about financing, earnest deposits, and any other explicit conditions regarding the purchase.
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Disclosures

Hazardous Substances – If there is a history of hazardous substances being released on a property, any potential buyers must be provided with a notice that describes the general nature and extent of the release.[1]

Sources

  1. § 324.20116