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Tennessee Commercial Real Estate Purchase and Sale Agreement

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Updated November 17, 2025

A Tennessee commercial real estate purchase and sale agreement is used when a prospective buyer makes an offer to purchase commercial real estate from a property owner. It includes essential terms like the purchase price and closing dates, as well as finer details like the inclusion of light fixtures and appliances in the asking price.

Disclosures

Agency Status – If a licensee engages in discussion with unrepresented buyers or sellers regarding the purchase or sale of a property, the licensee must disclose their agency status to the individuals prior to rendering any real estate services.[1]

Sources

  1. § 62-13-405