Commercial Purchase/Sale Addendum Template
Amend a commercial property purchase contract: due diligence extensions, price or deposit changes, estoppels, leases, environmental and closing terms.
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Full: detailed and comprehensive, with optional clauses you can switch on.
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What the sections mean (plain English)
- PURCHASE PRICE
- How much is paid, when, and what happens if it's late.
- DEPOSIT
- Money held up front and when it's returned or kept.
- CLOSING
- When and how the deal is finalized and who gets the keys.
- DISCLOSURES AND TRANSFER TAXES [STATE-SPECIFIC]
- Information the law may require one side to give the other; your state may require specific forms.
- GOVERNING LAW AND VENUE
- Which state's law applies and where any lawsuit must be filed.
- COUNTERPARTS; ELECTRONIC SIGNATURES
- E-signatures are valid and each party can sign separately.
- DISPUTE RESOLUTION
- How disagreements get handled before anyone goes to court.
- SEVERABILITY
- If a court strikes one clause, the rest still counts.
- ENTIRE AGREEMENT; AMENDMENTS
- How this document can be changed later.
- NOTICES
- How the parties must officially contact each other.
- Optional clauses
- Extra terms you can switch on or off in step 3. Leave them off if unsure.
How to use this Commercial Purchase/Sale Addendum template
- Answer the guided questions. Your name and company fill in automatically from your profile.
- Pick the governing state and complete the [STATE-SPECIFIC] blanks. Switch optional clauses on or off.
- Check the live preview, then create the document. Signature, initial and date fields are placed for each party.
- Review the fields and send. Each party signs in order, and everyone gets the signed PDF.
Frequently asked questions
Is this Commercial Purchase/Sale Addendum template free?
Yes. You can fill it in, download it and send it for electronic signature with a free E-Sign Auto account.
Is an electronically signed Commercial Purchase/Sale Addendum legally binding?
In the U.S., the federal ESIGN Act and state UETA laws generally give e-signatures the same effect as handwritten ones. Check your state's rules.
Does this template work in my state?
It is a generic, state-neutral starting point. Pick your governing state and complete every blank marked [STATE-SPECIFIC]. This template is not legal advice; consult a licensed attorney in your state.
Who signs, and in what order?
Buyer, then Seller. Each signer gets a secure link in that order, with signature, initial and date fields already placed.