Louisiana Commercial Real Estate Purchase Agreement is a legally binding contract between a buyer and seller for the transfer of commercial real estate. It is used to outline the terms and conditions of the sale, including the purchase price, financing terms, closing date, and other important details related to the sale. There are two types of Louisiana Commercial Real Estate Purchase Agreements: the Standard Form Agreement and the Modified Form Agreement. The Standard Form Agreement is the most common and covers all the basics of a commercial real estate sale, while the Modified Form Agreement is tailored to more specific situations and includes additional provisions. Both agreements typically include the following: buyer and seller information, purchase price, financing terms, title insurance, closing date, taxes and assessments, seller's representations and warranties, and any other conditions or contingencies.