Fillable Commercial Sales Contract Template printable pdf download

COMMERCIAL SALES CONTRACT

WHEN EXECUTED BY ALL PARTIES THIS WILL BECOME A LEGALLY BINDING AND ENFORCEABLE CONTRACT

If Dual Agency applies, complete Paragraph #28.

FROM: (Buyer)___________________________________________________________________________________________

Name

TO: (Seller) ________________________________________________________________DATE:_______________________

OFFER OF BUYER: I/We (Buyer) offer to purchase the Real Estate known as:

________________________________________________________________________________________________________,

Street

City

County

State

Zip

legally described on Exhibit A, if any, lot size approximately______________________________________________________,

permanent Index No.:_______________________________________________________, together with improvements thereon.

INCLUSIONS: The following shall be included: fixtures, equipment, appliances, security systems (owned) and personal

property, if any, located on the Real Estate of the date hereof, for which a bill of sale will be given: screens, storm windows and

doors; shades, window blinds; radiator covers; heating, central cooling, ventilating, lighting and plumbing fixtures; attached

mirrors, shelving, interior shutters, cabinets and awnings; planted vegetation; smoke detectors; as well as the following specific

items:____________________________________________________________________________________________________

_________________________________________________________________________________________________________

EXCLUSIONS: The following shall be excluded; all tenant owned personal property, tenant owned trade fixtures, and: ________

_________________________________________________________________________________________________________

Any personal property not specifically included shall be deemed

excluded.

A system or item shall be deemed to be in operating

condition if it performs the function for which it is intended, regardless of age, and does not constitute a threat to health or safety.

1. PURCHASE PRICE: Purchase Price of $___________________________________ shall be paid as follows: Initial earnest money of $

______________________ by

check,

cash OR

note due on ________________, 20____, to be increased to a total of

$________________ by ______________________, 20______. The earnest money and the original of this Contract shall be held by the Listing

Company, as “Escrowee”, in trust for the mutual benefit of the Parties. The balance of the Purchase Price, as adjusted by prorations, shall be paid

at Closing by wire transfer of funds, or by certified, cashier’s, mortgage lender’s or title company’s check (provided that the title company’s

check is guaranteed by a licensed title insurance company).

Provided title conforms with this contract or has been accepted by Buyer, closing or escrow payout shall be on

2. CLOSING:

_____________________________________________________, by conveyance by stamped recordable warranty deed (or other

appropriate deed if title is in trust or in an estate) and payment of purchase price. Title shall be conveyed at the time required by

this contract subject only to: general Real Estate taxes not due and payable at the time of Closing; building lines and building

restrictions of record; zoning and building laws and ordinances; public and utility easements; covenants and restrictions of record;

party wall rights and agreements, if any; existing leases or tenancies; the mortgage or trust deed, if any, as described in Paragraph

2 above; acts done or suffered by or through the Buyer. However, Special Assessments, if any, for improvements not yet

completed shall be paid by Seller at closing. This sale shall be closed at office of title insurance company or Seller’s attorney’s

office as agreed or in escrow with the title company issuing the title commitment by deed and money escrow fee to be divided

between Seller and Buyer. Seller and/or Buyer will pay their respective brokers’ commissions as provided in their respective

representation agreements or contracts and shall provide waiver of Brokers’ liens at closing.

3. FINANCING: This contract is contingent upon the ability of Buyer to secure within __________ days of the Date of

Acceptance, a firm written commitment for a loan evidenced by a note to be secured by a mortgage or trust deed on the Real Estate

in the amount of $________________________, or such lesser amount as Buyer shall accept, with a fixed or initial interest rate

(delete one) not to exceed ________%, said loan to be amortized over a minimum of _________ years, with a loan service charge

not to exceed ___________%. Seller and Buyer shall execute all documents and provide all information so that Buyer’s lender

can issue its commitment and close the transaction. If Buyer makes a good faith effort but is unable to obtain a commitment for

the mortgage loan contemplated herein, Buyer shall so notify Seller in writing within the time specified in this Paragraph. IF

SELLER IS NOT SO NOTIFIED WITHIN SUCH TIME PERIOD, BUYER SHALL FOR ALL PURPOSES BE DEEMED TO

HAVE SECURED SUCH COMMITMENT OR TO HAVE AGREED TO PURCHASE THE REAL ESTATE WITHOUT

MORTGAGE FINANCING OR BASED UPON THE MORTGAGE COMMITMENT ACTUALLY OBTAINED. If Seller is so

notified, Seller may, at Seller’s option, within 10 business days after Seller’s receipt of said notice, elect to accept purchase money

Buyer Initial ___________

Seller Initial ___________

Seller Initial____________

Address _______________________________________________________________________________________

(Page 1 of 6) Form 6008 Rev. Nov. 2007 – MAINSTREET ORGANIZATION OF REALTORS

Commercial Sales Contract Template

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