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A commercial purchase agreement is a legal real estate contract that transfers commercial property ownership from a seller to a buyer. Commercial purchase agreements are legally binding, so it is important that the buyer fully understands the contract and has read all terms and conditions.
Personal Contract Purchase advantages and disadvantages Low initial payment. Fixed monthly payments. You may be able to refinance the Optional Final Payment. No depreciation concerns if you wish to walk away at the end. Maintenance and servicing can be included.
A Contract to Sell is an agreement between the seller and buyer for the (a) seller to sell a certain piece of property to the buyer; and (b) the buyer to buy said property from the seller. The contract contains the basic terms of the sale such as (a) purchase price; (b) payment terms; and (c) warranties.
Define how the buyer will pay for the sale, how many payment installments are involved, when they'll transfer the funds, and any other financial details. Also, include any possible brokers and a clause about how you'll resolve payment disputes.