Updated July 31, 2023
A New Jersey commercial real estate purchase and sale agreement is a document containing the terms of the transfer of ownership of commercial real estate from a seller to a buyer. This type of real estate contract is only valid for non-residential property transactions and therefore the creation of the document does not fall under the same legal requirements as that of a residential purchase agreement. The document will state the proposed purchase price, including any deposits, financing, and expenses. In some cases, expenses incurred for inspections and retrofitting may affect the final purchase price. If the seller accepts the offer, both parties will need to sign the document to make it legally binding.
Residential Property
New Jersey Residential Purchase Agreement – Used to define the necessary terms and conditions of the sale of residential real estate.
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