A commercial purchase agreement is a legal real estate contract that transfers commercial property ownership from a seller to a buyer. CONTRACT OF SALE – OFFICE, COMMERCIAL AND MULTI-FAMILY RESIDENTIAL. PREMISES.We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here. Seller agrees to sell and convey to Purchaser, and Purchaser agrees to purchase and take from Seller, the real property situated in Boca Raton, Florida. I. Damages in General. 2. II. Limitations on Damages. 3. This Standard Document is a long form agreement for the purchase and sale of commercial property favoring the purchaser for use in Florida. Florida Real Estate Contract - Free download as PDF File (. To fill out this contract, carefully read each section and provide the required information. Members will have time to study the changes before it replaces current forms on Nov. 1.