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A commercial real estate purchase agreement is a legal document that facilitates the transfer of ownership of commercial property between a seller and a buyer, typically involving cash or other forms of trade. This agreement outlines the terms of the sale and includes details about an earnest money deposit. The video tutorial covers important information regarding these agreements, including where to find official templates. It clarifies that commercial property includes any real estate intended for profit or business activities, which differs from residential property. Examples of commercial properties include office buildings, retail shops, strip malls, hotels, health care facilities, multi-family rentals, warehouses, and vacant commercial land.
