The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. A New Jersey commercial real estate purchase and sale agreement is a document containing the terms of the transfer of ownership of commercial real estate.PROPERTY. Buyer agrees to buy and Seller agrees to sell that certain parcel of real property situate in the Village of. In this video, Ron Rhode will be going over the A.CRE Office Purchase and Sales Agreement free real estate template. A commercial real estate purchase agreement is a legal document between a buyer seeking to purchase commercial property from a seller for an agreed-upon price. Purchase and Sale Agreement for Property Transfer. This document outlines the agreement between the Seller and Buyer for the purchase and sale of real property.