Buy or sell a commercial property

About this business activity

Buy or sell a commercial property to make money or have a place to conduct business.

Epitome of Title (Unregistered Properties)

A summary of the ownership history of a property that is not registered with a government agency.

What to watch out for

  • The document should include the property's address, legal description, and any restrictions or encumbrances on the property.
  • The document should be signed by the property owner and notarized.
  • The document should be dated and include the names of the parties involved.
  • Contract template sketch
    0
    6
    0

    Land Promotion (Planning Application and Sale)

    A land promotion agreement is a legal document used when a developer or land promoter agrees to apply for planning permission for a development on a landowner's property and market the property for sale on the open market once planning permission has been obtained.

    What to watch out for

  • The landowner should ensure that the developer or land promoter has the necessary expertise and experience to carry out the work required.
  • The landowner should agree on a timescale for the work to be completed, and should have the right to terminate the agreement if this is not met.
  • The landowner should agree on a percentage of the sale price that will be paid to the developer or land promoter, and should ensure that this is clearly stated in the agreement.
  • The landowner should ensure that the agreement includes a clause stating that the developer or land promoter will indemnify the landowner against any costs or losses incurred as a result of the work carried out.
  • Contract template sketch
    1
    4
    0

    Declaration of Trust (Tenants in Common)

    This is a declaration by two or more individuals that they hold a property on trust, as tenants in common, for use where the respective shares of the owners will be determined according to their contributions over time.

    What to watch out for

  • That the individuals are declaring that they hold the property as tenants in common
  • That the shares of the owners will be determined according to their contributions over time
  • Contract template sketch
    2
    1
    2

    Report on title for property

    A report on the legal title of a property, which may be used for a vacant property or a property with leases.

    What to watch out for

  • The report should include information on the property's title, including any restrictions or easements that may be in place
  • The report should also include information on any outstanding mortgages or other liens against the property
  • If the property is leased, the report should include information on the terms of the lease and any restrictions on the use of the property
  • Contract template sketch
    2
    1
    1

    Relevant Contract Types

    🏚️ Commercial property sale

    The sale of a commercial property is the transfer of the ownership of the property from one person or entity to another. The buyer pays the seller a sum of money, and in exchange, the seller transfers the ownership of the property to the buyer. The commercial property sale is governed by state and federal laws.

    🏒 Commercial property sale agreement

    A commercial property sale agreement is a contract between the buyer and seller of a commercial property. The agreement should cover the price, down payment, loan terms, interest rate, escrow, and other conditions of the sale. It is important to have a lawyer review the agreement to make sure it is fair and protects your interests.

    Thank you!

    What happens now?
    Check your email inbox now! Most people receive an invite link from us instantly, so you are only a click away from full access πŸ’₯
    Didn’t receive an email?
    If you don’t have an invite link sat in your inbox (and youβ€˜ve refreshed that page a couple of times), then you fall into the group of of people I like to personally welcome in to the Genie Community πŸ‘‹.

    Please book in 30 minutes with me using this link
    https://calendly.com/rafie/30-min-call

    If you don’t want to book a call in now, no problem. I’ll be in touch over the next few days
    Small Avatar - Rafie Faruq 150 x 150 pixels
    Rafie Faruq
    Chief Executive Officer
    Oops! Something went wrong while submitting the form.

    Legal firms who may be able to help

    Find legal help for

    Buy or sell a commercial property

    . If we don't have a template for you to use yet, we will refer you to legal help instead.

    Note: Although we list lawyers who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.

    Q&A Service

    Online Legal Q&A Service (Fixed-Price)

    Legal Platform

    07982719527

    Administration

    Agriculture

    Capital Markets

    Commercial

    Competition

    Bespoke Contracts Drafting by Genie AI

    Bespoke Contracts Drafting (Fixed-Price)

    Legal Platform

    07982719527

    Administration

    Agriculture

    Capital Markets

    Commercial

    Competition

    Featured templates

    Advisor Agreement (Payment Via Share Options)

    Use this agreement when bringing an advisor on board to formalize variables such as job role and responsibilities, duration of contract and compensation. The agreement also sets forth certain key terms such as confidentiality and intellectual property.

    Read More
    Contract template sketch
    12
    145
    6

    Consultancy Agreement - Company appointing an individual consultant (not using a personal service company)

    This template is to be used the next time your company needs to set out terms with an individual (i.e. not to be used for agreements involving a personal service company as defined within IR35). It sets out the terms on which a contractor provides services to a client company, and is perfect for freelance software developers, marketing consultants, designers, PR/HR/recruitment consultants.

    Read More
    Contract template sketch
    9
    118
    12

    Intellectual Property Assignment (for founders to assign IP to company)

    This IP Agreement is designed for an individual to assign IP to a company e.g. a founder is starting a company and needs to vest the IP into that company

    ‍

    Read More
    Contract template sketch
    4
    25
    1

    Do you need a lawyer?

    We have 150+ legal templates for businesses like yours to use for FREE

    find out more

    Browse by:

    Business categories

    Business activities

    SEEΒ ALL
    SEEΒ LESS

    Contract types

    SEEΒ ALL
    SEEΒ LESS