Commercial Property Contract for the United States

Commercial Property Contract Template for United States

A Commercial Property Contract is a legally binding agreement used in the United States for the purchase and sale of commercial real estate. It outlines the terms and conditions of the transaction, including property details, purchase price, due diligence requirements, contingencies, and closing conditions. The document incorporates state-specific property laws and local regulations while ensuring compliance with federal requirements such as ADA and environmental regulations.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our United States-compliant Commercial Property Contract

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Commercial Property Contract

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a Commercial Property Contract?

The Commercial Property Contract serves as the primary document governing the sale and purchase of commercial real estate in the United States. This contract type is essential for businesses, investors, and property developers looking to acquire or dispose of commercial properties. It includes crucial elements such as property specifications, financial terms, due diligence periods, and closing requirements. The document must comply with both federal and state-specific real estate laws, incorporating local zoning requirements, environmental regulations, and building codes. It's designed to protect both parties' interests while ensuring a clear framework for the transaction's completion.

What sections should be included in a Commercial Property Contract?

1. Parties: Identifies all parties to the contract, including legal names and addresses

2. Background/Recitals: States the context and purpose of the agreement

3. Definitions: Defines key terms used throughout the contract

4. Property Description: Detailed legal description of the property including address and boundaries

5. Purchase Price: States the agreed purchase price and payment terms

6. Due Diligence: Outlines the buyer's right to inspect and investigate the property

7. Closing Conditions: Lists conditions that must be met before closing

8. Representations and Warranties: Statements of fact by both parties about the property and transaction

9. Default and Remedies: Describes what constitutes default and available remedies

10. Governing Law: Specifies which jurisdiction's laws govern the contract

What sections are optional to include in a Commercial Property Contract?

1. Financing Contingency: Optional section to include when buyer requires financing to complete purchase

2. Environmental Matters: Optional section addressing environmental investigations and liabilities for industrial properties or properties with potential contamination

3. Tenant Rights: Optional section addressing existing tenant leases and rights when property has current occupants

4. Development Rights: Optional section covering future development possibilities and restrictions for properties with development potential

What schedules should be included in a Commercial Property Contract?

1. Schedule A - Property Plans: Detailed plans and drawings of the property

2. Schedule B - Title Documents: Current title report and related documents

3. Schedule C - Environmental Reports: Environmental assessment reports and findings

4. Schedule D - Existing Leases: Copies of current tenant leases

5. Schedule E - Property Condition Report: Detailed report on property condition and systems

6. Schedule F - Service Contracts: List of existing service contracts and maintenance agreements

7. Schedule G - Permits and Licenses: Copies of current permits, certificates of occupancy, and licenses

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Retail
Office
Industrial
Hospitality

Relevant Teams

Real Estate
Legal
Finance
Operations
Facilities Management

Relevant Roles

Real Estate Director
Commercial Property Manager
Real Estate Attorney
Chief Financial Officer
Property Development Manager

Industries

Americans with Disabilities Act (ADA): Federal law requiring commercial properties to be accessible to individuals with disabilities, including specific requirements for building features and accommodations

Fair Housing Act: Federal legislation prohibiting discrimination in real estate transactions, particularly relevant for mixed-use properties

EPA Regulations: Federal environmental protection standards including hazardous materials handling, waste management, and environmental impact considerations

Federal Tax Laws: Regulations governing taxation of commercial property transactions, income, and related financial matters

FIRPTA: Foreign Investment in Real Property Tax Act governing tax implications for foreign persons selling U.S. real estate

State Property Laws: State-specific regulations governing real property ownership, transfer, and rights

State Landlord-Tenant Laws: State-specific regulations governing the relationship between property owners and tenants

State Zoning Regulations: State-level rules determining permitted property uses and development restrictions

State Environmental Regulations: State-specific environmental protection requirements and compliance standards

State Building Codes: State-specific construction and maintenance standards for commercial properties

State Licensing Requirements: Regulations governing professional licensing for real estate transactions and property management

State Disclosure Requirements: State-mandated disclosures regarding property condition, hazards, and material facts

Local Zoning Ordinances: Municipal-level regulations governing property use, development, and restrictions

Municipal Building Codes: Local construction and maintenance standards specific to the municipality

Historic Preservation Laws: Regulations protecting historically significant properties and districts

Fire and Safety Codes: Requirements for fire prevention, suppression systems, and safety measures

Health Department Regulations: Health and sanitation requirements for commercial properties

Property Tax Regulations: Rules governing assessment, payment, and administration of property taxes

Title and Deed Requirements: Legal requirements for property ownership documentation and transfer

Recording Requirements: Regulations governing the recording of property documents with local authorities

State Contract Laws: State-specific requirements for valid contract formation and enforcement

Uniform Commercial Code: Standardized business laws affecting commercial property transactions

Real Estate Broker Requirements: Professional licensing and conduct requirements for real estate brokers

Professional Liability Considerations: Legal requirements and best practices for professional liability protection

Insurance Requirements: Mandatory and recommended insurance coverage for commercial properties

Title Insurance Regulations: Requirements and regulations governing title insurance for commercial properties

Find the exact document you need

No matches found.

Shared Property Ownership Agreement

A U.S.-governed agreement establishing terms and conditions for shared property ownership between multiple parties.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Commercial Property Contract?

What sections should be included in a Commercial Property Contract?

What sections are optional to include in a Commercial Property Contract?

What schedules should be included in a Commercial Property Contract?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Shared Property Ownership Agreement

Simple Real Estate Rental Agreement

Unimproved Property Listing Agreement

Exclusive Listing Contract

Rental Listing Agreement

Simple House Contract

Joint Ownership Agreement Residential Property

Rental Property Contract

Exclusive Seller Listing Agreement

Standard Listing Agreement

Limited Listing Agreement

Commercial Land Contract

Real Estate Middleman Contract

Rent To Own Property Agreement

Simple Property Lease Agreement

Standard Lease Agreement For House Rental

Option To Purchase Property Agreement

Non Exclusive Listing Agreement

Lease Option Agreement Property

Land Deed Of Agreement

Business Listing Agreement

Real Estate Easement Agreement

Sellers Agreement

Buyer Exclusive Agreement

Land Co Ownership Agreement

Simple Commercial Lease

Real Estate Partnership Buyout Agreement

Property Sale Contract Between Seller And Buyer

Private Home Sale Contract

Commercial Office Space Lease Agreement

No Home Sale Contract

Real Estate Reservation Agreement

Property Tenancy Agreement

Joint Sale Agreement Property

Simple Land Contract Purchase Agreement

Rent To Own Property Contract

Real Estate Purchase Agreement With Seller Financing

Personal Property Agreement

Lease Listing Agreement

Earnest Money Contract

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Templates

Contract Templates

Letter Templates

Policy Templates

Industries

Legal Services

Manufacturing

Construction

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information

Generate Legal Docs Free