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Sets forth the purchase price and acceptable closing payment methods, and governs earnest money/trust money timing, application at closing, and consequences of non-receipt or dishonored instruments. Includes provisions for inspection and a due diligence period, allowing termination with notice and refund of earnest money if the buyer elects not to proceed.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/commercial-purchase-and-sale-agreement/281334/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/commercial-purchase-and-sale-agreement/281334.png","ImageObject",442,249,{"name":88,"@type":89},"Berry Peter","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-27","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":30},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What property is covered under the agreement?","Question",{"text":108,"@type":109},"The agreement covers a specifically described tract or parcel of land, including improvements located on it, and collectively refers to them as the “Property.” It also incorporates details referenced in Exhibit “A.”","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How is the purchase price paid at closing?",{"text":113,"@type":109},"The purchase price must be paid by the buyer at closing by cash, Federal Reserve wire transfer of immediately available funds, cashier’s check, or certified check, subject to prorations and adjustments.",{"name":115,"@type":106,"acceptedAnswer":116},"What happens if earnest money/trust money is not timely received or a check is dishonored?",{"text":117,"@type":109},"Holder must promptly notify buyer and seller. Buyer then has three business days after notice to deliver good funds; otherwise, the agreement automatically terminates and Holder notifies the parties.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},281334,1790013028,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":30,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":47},1374402524268,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","COMMERCIAL PURCHASE AND SALE AGREEMENT  \n1 1. Purchase and Sale. For and in consideration of the mutual covenants herein and other good and valuable consideration, 2 the receipt and sufficiency of which is hereby acknowledged, the undersigned buyer  \n3   (“Buyer”) agrees to buy and the undersigned  \n4 seller   (“Seller”) agrees to sell all that tract or  \n5 parcel of land, with such improvements as are located thereon, described as follows: All that tract of land known as: 6  \n_________________________________________________________________________________________________  \n7 (Address)   (City), Tennessee,   (Zip), as recorded in  \n8   County Register of Deeds Office,   deed book(s),    \n9 page(s), and/or   instrument no. and as further described as: 10  \n_________________________________________________________________________________________________  \n11 together with all fixtures, landscaping, improvements, and appurtenances, all being hereinafter collectively referred to as  \n12 the “Property”, as more particularly described in Exhibit “A” or if Exhibit A is not attached as is recorded with the Register  \n13 of Deeds of the county in which the Property is located and is made a part of this Commercial Purchase and Sale Agreement  \n14 (“Purchase and Sale Agreement” or “Agreement”) by reference.  \n15 2. Purchase Price. The total purchase price for the Property shall be  \n16  U. S. Dollars, ($  )  \n17 (“Purchase Price”), and is subject to all prorations and adjustments and shall be paid by Buyer at the Closing by cash, a  \n18 Federal Reserve Bank wire transfer of immediately available funds, cashier’s check or certified check.  \n19 3. Earnest Money/Trust Money. Buyer has paid or will pay within   business days after the Binding Agreement  \n20 Date, the sum of $  with    \n21 (“Holder”) located at    \n22 (Address of Holder) . Additional Earnest Money/Trust Money, if any, to be tendered and applied as follows: 23  \n24  \n25  \n26  \n27 This sum (“Earnest Money/Trust Money”) is to be applied as part of the Purchase Price at Closing.  \n28 A. Failure to Receive Earnest Money/Trust Money. In the event Earnest Money/Trust Money is not timely received  \n29 by Holder or Earnest Money/Trust Money check or other instrument is not honored for any reason by the financial  \n30 institution from which it is drawn, Holder shall promptly notify Buyer and Seller. Buyer shall have three (3) business days  \n31 after notice to deliver good funds to Holder. In the event Buyer does not timely deliver good funds to Holder, this  \n32 Agreement shall automatically terminate and Holder shall notify the parties of the same. Holder shall disburse Earnest  \n33 Money/Trust Money only as follows:  \n34 (a) at Closing to be applied as a credit toward Buyer’s Purchase Price;  \n35 (b) upon a subsequent written agreement signed by Buyer and Seller; or  \n36 (c) as set forth below in the event ofa dispute regarding Earnest Money/Trust Money.  \n37 No party shall seek damages from Holder, nor shall Holder be liable for any such damages, and all parties agree to defend  \n38 and hold harmless Holder for any matter arising out of or related to the performance of Holder’s duties hereunder.  \n39 B. Disputes Regarding Earnest Money/Trust Money. In the event Buyer or Seller notifies Holder of a dispute regarding  \n40 disposition of Earnest Money/Trust Money that Holder cannot resolve, Buyer and Seller agree to interplead Earnest  \n41 Money/Trust Money into a court of competent jurisdiction. Holder shall be reimbursed for, and may deduct from any  \n42 funds interpleaded, its costs and expenses, including reasonable attorney’s fees. The prevailing party in the interpleader  \n43 action shall be entitled to collect from the other party the costs and expenses reimbursed to Holder, and upon payment of  \nMs . Moren Adenubi  \nThis form is copyrighted and may only be used in real estate transactions in which   is involved as a Tennessee REALTORS® authorized user. Unauthorized use of the","cbCaipElIe9Eoh5v","https://ap.wps.com/l/cbCaipElIe9Eoh5v","pdf",903926,13,"English","# Commercial Purchase and Sale Agreement\n## Purchase and Sale\n## Purchase Price\n## Earnest Money/Trust Money\n## Inspection and Due Diligence","[{\"question\":\"What property is covered under the agreement?\",\"answer\":\"The agreement covers a specifically described tract or parcel of land, including improvements located on it, and collectively refers to them as the “Property.” It also incorporates details referenced in Exhibit “A.”\"},{\"question\":\"How is the purchase price paid at closing?\",\"answer\":\"The purchase price must be paid by the buyer at closing by cash, Federal Reserve wire transfer of immediately available funds, cashier’s check, or certified check, subject to prorations and adjustments.\"},{\"question\":\"What happens if earnest money/trust money is not timely received or a check is dishonored?\",\"answer\":\"Holder must promptly notify buyer and seller. Buyer then has three business days after notice to deliver good funds; otherwise, the agreement automatically terminates and Holder notifies the parties.\"}]","Commercial Purchase and Sale Agreement | PDF",1789565569]