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Purchase and Sale Agreement (Commercial Real Estate)

Draft Commercial Real Estate Purchase Agreements in Minutes

15 minutes with CaseMark

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Best for a quick one-off job. Add your email, upload the files, and we'll run the workflow and send the result to your inbox.

1. Add your email so we know where to send the result.

2. Upload the files you want analyzed.

3. Run the workflow and we'll take it from there.

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Save and reopen matters, keep documents together, refine the output, rerun with changes, and export or share polished work product when you're done.

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Workflow

Purchase and Sale Agreement (Commercial Real Estate)

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Workflow

Purchase and Sale Agreement (Commercial Real Estate)

Overview

Drafting commercial real estate purchase and sale agreements manually requires hours of work—researching standard provisions, customizing contingencies, coordinating due diligence timelines, and ensuring all representations and warranties are properly tailored. Each transaction demands meticulous attention to closing deliveries, prorations, and default remedies, with any oversight potentially exposing clients to significant risk or deal failure.

Commercial real estate attorneys spend 6-10 hours drafting comprehensive purchase and sale agreements, carefully customizing hundreds of provisions for property type, transaction structure, and client risk preferences. Manual drafting requires extensive attention to due diligence periods, title contingencies, lease assignments, prorations, and state-specific requirements, creating bottlenecks in time-sensitive transactions where speed often determines deal success.

CaseMark transforms your transaction documents and term sheets into complete, customized commercial purchase and sale agreements in minutes. Our AI analyzes your property details, party information, and business terms to generate comprehensive PSAs with appropriate provisions for property type, proper due diligence frameworks, and jurisdiction-specific compliance, letting you focus on negotiation strategy rather than document assembly.

How it works

  1. 1. Upload your documents

  2. 2. AI analyzes and extracts key information

  3. 3. Review and customize the generated content

  4. 4. Export in your preferred format (DOCX, PDF)

What you get

  • Agreement Header and Parties

  • Property Description and Legal Description

  • Personal Property Included in Sale

  • Purchase Price and Payment Terms

  • Earnest Money Deposit Provisions

  • Title and Survey Requirements

  • Due Diligence Period and Inspection Rights

  • Buyer Termination Rights

  • Seller's Representations and Warranties

  • Buyer's Representations and Warranties

  • Closing Date and Procedures

  • Seller's Closing Deliveries

  • Buyer's Closing Deliveries

  • Prorations and Adjustments

  • Default Provisions and Remedies

  • Notice Requirements

  • Assignment Rights

  • Governing Law

  • Signature Blocks

What it handles

  • Agreement Header and Parties

  • Property Description and Legal Description

  • Personal Property Included in Sale

  • Purchase Price and Payment Terms

  • Earnest Money Deposit Provisions

  • Title and Survey Requirements

  • Due Diligence Period and Inspection Rights

  • Buyer Termination Rights

  • Seller's Representations and Warranties

  • Buyer's Representations and Warranties

  • Closing Date and Procedures

  • Seller's Closing Deliveries

  • Buyer's Closing Deliveries

  • Prorations and Adjustments

  • Default Provisions and Remedies

  • Notice Requirements

  • Assignment Rights

  • Governing Law

  • Signature Blocks

Required documents

  • Transaction Term Sheet or LOI

    Letter of intent, term sheet, or summary of negotiated business terms including purchase price, earnest money, closing timeline, and key conditions

    .pdf, .docx, .doc

  • Property Information

    Property address, legal description, tax parcel number, square footage, and property type details

    .pdf, .docx, .xlsx

  • Party Information

    Legal names, entity types, states of organization, and contact information for buyer and seller

    .pdf, .docx

Supporting documents

  • Title Commitment

    Preliminary title report or commitment showing current ownership and exceptions to title

    .pdf

  • Existing Survey

    ALTA/NSPS survey or other property survey showing boundaries, improvements, and easements

    .pdf

  • Rent Roll

    Current rent roll for income-producing properties showing tenant names, lease terms, and rental amounts

    .pdf, .xlsx, .csv

  • Lease Agreements

    Copies of existing tenant leases for multi-tenant or income-producing properties

    .pdf, .docx

  • Environmental Reports

    Phase I or Phase II environmental site assessments, if available

    .pdf

  • Service Contracts

    Existing property management, maintenance, or service agreements that may be assigned to buyer

    .pdf, .docx

  • Financial Statements

    Property operating statements, income and expense reports, or tax returns for the property

    .pdf, .xlsx

Why teams use it

Generate complete commercial PSAs in 12 minutes vs. 4+ hours manually

Built-in due diligence periods, inspection rights, and termination provisions tailored to your timeline

Comprehensive representations and warranties covering authority, litigation, environmental, and financial matters

Automatic inclusion of all standard closing deliveries for both buyer and seller

Customizable default remedies and liquidated damages provisions to protect your client's interests

Questions

How does CaseMark customize the purchase agreement for different property types?

CaseMark analyzes your property information to automatically include provisions specific to your transaction type. For retail properties, it includes exclusive use and operating covenant provisions. For office buildings, it addresses parking ratios and building services. For income-producing properties, it incorporates comprehensive lease assignment, rent roll, and tenant estoppel requirements. The AI recognizes property characteristics from your uploaded documents and adjusts representations, due diligence provisions, and closing deliverables accordingly.

Can the AI handle complex due diligence and contingency provisions?

Yes, CaseMark generates comprehensive due diligence frameworks including inspection rights, environmental assessment provisions, title and survey review procedures with specific timelines and objection processes, and financing contingencies. The system creates coordinated deadlines that cascade from the effective date, establishes clear procedures for raising and resolving objections, and includes appropriate termination rights and earnest money refund provisions. You can customize the due diligence period length and specific investigation rights based on your transaction needs.

How does the system handle state-specific legal requirements?

CaseMark incorporates jurisdiction-specific provisions based on the property location, including appropriate deed types (warranty, special warranty, or quitclaim based on local custom), state-specific disclosure requirements, transfer tax provisions and rates, and governing law provisions. The AI stays current with state real estate law requirements and automatically includes mandatory provisions while flagging jurisdiction-specific considerations for your review.

What happens if I need to modify the generated purchase agreement?

Every CaseMark-generated agreement is fully editable in standard word processing formats. The document includes clear section headings, defined terms, and logical organization that makes customization straightforward. You can adjust any provision, add transaction-specific terms, modify timelines, or revise risk allocation provisions. The AI provides a comprehensive foundation that typically requires only minor adjustments rather than complete redrafting, saving substantial time while maintaining full attorney control.

Does CaseMark include provisions for income-producing properties with existing tenants?

Absolutely. When you upload rent rolls or lease information, CaseMark automatically includes comprehensive lease assignment provisions, tenant estoppel certificate requirements with specific content requirements, security deposit transfer obligations, and detailed prorations for rent, operating expenses, and tenant improvement allowances. The system generates appropriate representations regarding lease status, tenant defaults, and rental income, along with procedures for handling delinquent rents and pending lease obligations.

How does the AI structure default remedies and liquidated damages provisions?

CaseMark creates balanced default provisions appropriate to commercial transactions, including seller default remedies with specific performance rights and expense reimbursement provisions, buyer default remedies typically limited to liquidated damages equal to the earnest money deposit, and clear notice and cure procedures with reasonable timeframes. The system includes legally sound liquidated damages language that courts are likely to enforce, with appropriate disclaimers that the amount represents a reasonable pre-estimate of damages rather than a penalty.

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