A Texas commercial real estate purchase and sale agreement documents terms for the transfer of ownership of property used for business purposes. If you are obtaining the forms for possible use in a real estate transaction, you should contact a real estate license holder or an attorney for assistance.This contract outlines the terms and conditions of the transaction, including the purchase price, payment terms, property condition, and closing details. B. Seller will sell and convey the Property together with: (1) all buildings, improvements, and fixtures;. This Purchase and Sale Agreement template is an agreement to buy and sell Texas real estate between two or more parties. Step 1 – Fill Out the Buyer and Seller Information. 1. Seller. Write down the seller's full name.