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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What Is “As-Is”?
- March 13, 2026
- 7 min. read
Let’s look at some of the ways “as-is” can create problems instead of solutions, and techniques you might use to minimize those potential problems.
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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.
