A Florida commercial real estate purchase and sale agreement formalizes the details of a commercial property transaction between a seller and a buyer. For forms of commercial purchase and sale agreement to use in Florida, see Commercial Purchase and Sale Agreement (Long Form).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. A commercial real estate purchase agreement is a legal contract between the buyer and seller of a commercial property. Property, a copy shall be furnished to Buyer and Closing Agent within 5 days after Effective Date. 172. This Standard Document is a long form agreement for the purchase and sale of commercial property favoring the purchaser for use in Florida. Page. 1. Definitions, 1. 2. Subject of Sale, 4. 3.