Ohio Commercial Purchase Agreement

The commercial contract of purchase and sale in Ohio gives a buyer`s intention to acquire commercial real estate from a real estate owner. The agreement sets the price that the buyer is willing to pay, as well as the contingencies of his offer. Sellers have a limited period of time to decide whether the proposal should be accepted or rejected. If the seller is not satisfied with the initial conditions, he can try to negotiate a new agreement by making a counter-offer to the buyer. The transaction will only be concluded when each party has accepted the terms set out in the agreement. Agency Disclosure Statement (§ 4735.56) – This disclosure must be provided to consumers to indicate the different types of agency relationships permitted in Ohio. Ohio Residential Purchase Agreement – A written contract entered into by a seller and buyer who intend to complete a residential real estate transaction…