About the Agreement of Sale for Commercial Real Estate
The Agreement of Sale for Commercial Real Estate (Form ASC) is a contract for the sale of commercial property containing commonly used clauses and the legal requirements for sales contracts in transactions involving real estate licensees.
Using the Agreement of Sale for Commercial Real Estate
The Agreement of Sale for Commercial Real Estate should be used to outline the terms of the agreement when selling or purchasing a commercial property.
Note that a “commercial” property that contains residential dwelling units may be subject to certain requirements usually associated with residential sales (e.g., Seller’s Property Disclosure, lead-based paint disclosures, etc.). See Residential Use Addenda (Form RUA) for more information.
Latest Content
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Be Careful What You Agree To
- August 12, 2022
- 4 min. read
What matters is what is included within the agreement itself and little else.
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Can My Buyer Waive Receipt of HOA Documents?
- March 11, 2022
- 3 min. read
Because there is no waiver provision for residential transactions, the law appears to say that buyers are not able to waive receipt of association documents as part of their offers.
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Something Breaks, Floods or Needs Repair Right Before Closing… Now What?
- September 3, 2021
- 4 min. read
Closing is scheduled for tomorrow morning and everyone is excited to finalize the deal. You suddenly get a frantic call from your seller who explains they were about to leave the house with the last few boxes when a torrential downpour blew through the area and they now have an inch of standing water in the basement. Now what do you do about the closing in the morning?
