San Diego California Contrato de Venta de Propiedad Comercial sin Corredor Involucrado - Contract of Sale of Commercial Property with No Broker Involved

• Category: Bienes Raíces - Contratos - Comercial o No Residencial
• State: Multi-State
• County: San Diego
• Control #: US-02697BG
• Format: Word

Description

Commercial real estate includes income producing property, such as office buildings, restaurants, shopping centers, hotels, industrial parks, warehouses, and factories. Commercial property usually must be zoned for business purposes. A person licensed to arrange the buying and selling of real estate for a fee. A real estate broker acts as an intermediary between the parties selling and buying the real estate. Real estate brokers can also be called real estate salespersons, and the people who assist them (who are generally not required to be licensed) are generally called real estate agents. A San Diego California Contract of Sale of Commercial Property with No Broker Involved is a legally binding document that outlines the terms and conditions of a real estate transaction involving the sale of a commercial property in San Diego, California, without the involvement of a real estate broker. This contract is designed to protect the interests of both the buyer and the seller, ensuring a smooth and transparent sale process. The contract typically includes several key components, which may vary based on individual circumstances and negotiating parties. However, the following are the commonly included details: 1. Parties Involved: The contract will clearly identify the buyer and the seller, providing their legal names, addresses, and contact information. 2. Property Description: A comprehensive description of the commercial property being sold, including its address, legal description, square footage, any relevant zoning restrictions, and other pertinent details. 3. Purchase Price: The agreed-upon purchase price for the commercial property will be clearly stated, along with the currency and any terms regarding payment, such as a deposit amount or an installment plan. 4. Contingencies and Due Diligence: The contract may outline specific contingencies that must be met before the sale can proceed, such as the buyer securing financing, conducting inspections, or reviewing relevant documents. It will often specify the timeframe within which these contingencies must be addressed. 5. Closing and Escrow: The contract will establish the closing date, which is when the transfer of ownership occurs. It may also include provisions for an escrow account, where funds are held until all conditions of the contract have been satisfied. 6. Representations and Warranties: Both the buyer and the seller may make certain representations and warranties about the property and their legal right to sell or purchase it. These statements ensure that both parties are aware of the property's condition and legal standing. 7. Terms and Conditions: The contract will detail additional terms and conditions, such as the allocation of closing costs, prorated property taxes, any existing leases or tenant agreements, and the responsibility for obtaining necessary permits or licenses. Types of San Diego California Contracts of Sale of Commercial Property with No Broker Involved: 1. Standard Contract: A generic contract template that covers the basic terms and conditions of the sale, suitable for most commercial property transactions. 2. Customized Contract: A contract tailored to the specific needs and requirements of the buyer and seller, which may involve additional clauses, contingencies, or negotiated terms. 3. Cash Sale Contract: A contract where the buyer offers to purchase the commercial property in cash without any financing contingencies. 4. Lease-to-Own Contract: A contract that allows the tenant of a commercial property to purchase it at a future date, usually after a certain period of leasing. 5. Installment Sale Contract: A contract where the purchase price is paid through installment payments over a specified period, typically including interest. It is important for both parties involved in the sale of a commercial property in San Diego, California, without a broker to carefully review and understand the terms and conditions outlined in the contract before signing. Consulting with a qualified real estate attorney is advisable to ensure legal compliance and protect one's interests throughout the transaction.

A San Diego California Contract of Sale of Commercial Property with No Broker Involved is a legally binding document that outlines the terms and conditions of a real estate transaction involving the sale of a commercial property in San Diego, California, without the involvement of a real estate broker. This contract is designed to protect the interests of both the buyer and the seller, ensuring a smooth and transparent sale process. The contract typically includes several key components, which may vary based on individual circumstances and negotiating parties. However, the following are the commonly included details: 1. Parties Involved: The contract will clearly identify the buyer and the seller, providing their legal names, addresses, and contact information. 2. Property Description: A comprehensive description of the commercial property being sold, including its address, legal description, square footage, any relevant zoning restrictions, and other pertinent details. 3. Purchase Price: The agreed-upon purchase price for the commercial property will be clearly stated, along with the currency and any terms regarding payment, such as a deposit amount or an installment plan. 4. Contingencies and Due Diligence: The contract may outline specific contingencies that must be met before the sale can proceed, such as the buyer securing financing, conducting inspections, or reviewing relevant documents. It will often specify the timeframe within which these contingencies must be addressed. 5. Closing and Escrow: The contract will establish the closing date, which is when the transfer of ownership occurs. It may also include provisions for an escrow account, where funds are held until all conditions of the contract have been satisfied. 6. Representations and Warranties: Both the buyer and the seller may make certain representations and warranties about the property and their legal right to sell or purchase it. These statements ensure that both parties are aware of the property's condition and legal standing. 7. Terms and Conditions: The contract will detail additional terms and conditions, such as the allocation of closing costs, prorated property taxes, any existing leases or tenant agreements, and the responsibility for obtaining necessary permits or licenses. Types of San Diego California Contracts of Sale of Commercial Property with No Broker Involved: 1. Standard Contract: A generic contract template that covers the basic terms and conditions of the sale, suitable for most commercial property transactions. 2. Customized Contract: A contract tailored to the specific needs and requirements of the buyer and seller, which may involve additional clauses, contingencies, or negotiated terms. 3. Cash Sale Contract: A contract where the buyer offers to purchase the commercial property in cash without any financing contingencies. 4. Lease-to-Own Contract: A contract that allows the tenant of a commercial property to purchase it at a future date, usually after a certain period of leasing. 5. Installment Sale Contract: A contract where the purchase price is paid through installment payments over a specified period, typically including interest. It is important for both parties involved in the sale of a commercial property in San Diego, California, without a broker to carefully review and understand the terms and conditions outlined in the contract before signing. Consulting with a qualified real estate attorney is advisable to ensure legal compliance and protect one's interests throughout the transaction.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.