As a business and real estate attorney who has drafted and negotiated hundreds of commercial purchase agreements across Arizona over the past 12 years, I can tell you that the single biggest mistake buyers and sellers make is using a residential form (or worse, a generic internet template) for a commercial transactions. Arizona commercial real estate purchase contracts are fundamentally different from residential ones — they involve triple-net leases, environmental contingencies, 1031 exchanges, entity-level transfers, and far larger deposits.
In this comprehensive guide, I’m giving you my battle-tested, attorney-drafted Arizona Commercial Real Estate Purchase Contract template (updated for 2025) completely free, along with line-by-line explanations so you can customize it confidently for office buildings, retail centers, industrial warehouses, or vacant land in Phoenix, Tucson, Scottsdale, or anywhere else in the Grand Canyon State.
Download the free Word .docx template at the bottom of this page.
Unlike the standard Arizona Association of Realtors® (AAR) residential purchase contract, there is no statewide “standard” form for commercial deals. The Arizona Department of Real Estate does not publish one, and most transactions are handled on fully custom attorney or broker-drafted documents.
Key differences I see every week in my practice:
I have personally used versions of this exact template in transactions totaling more than $400 million in Arizona commercial properties. It is written to be fair to both buyer and seller while protecting my clients.
→ Click here to download the free Arizona Commercial Real Estate Purchase Contract (Word .docx)
No email required. Updated November 2025 to reflect current IRS 1031 rules, Arizona statute changes, and post-COVID force majeure language.
Always include the exact legal entity names (LLC, LP, Corp) and the full legal description from the county recorder — not just the street address. I recommend attaching Exhibit A with the full legal and APN.
Commercial deals typically require 5–10% earnest money. The contract should state whether it is non-refundable after the inspection period (standard practice). Reference IRS Rev. Proc. 2000-37 for 1031 identification rules if applicable.
Arizona law allows complete freedom of contract on timing. Most of my templates default to 60 days for physical and financial due diligence, plus a 15-day review of title and survey.
| Item | Typical Timeline |
|---|---|
| Physical Inspection & Phase I ESA | 45–60 days |
| Title & Survey Review | 15–30 days |
| Estoppel & SNDAA Delivery | 10 days before closing |
Require an ALTA extended coverage owner’s policy. Include Schedule B exceptions list and a contingency to cure monetary liens.
Commercial contracts have limited reps that usually survive only 6–12 months (unlike residential indefinite survival). Common reps:
Both parties agree to cooperate at no cost or delay. Cite IRS Section 1031 and Treas. Reg. §1.1031(k)-1.
Arizona commercial closings are almost always handled by title companies (First American, Fidelity, Old Republic, etc.). Possession transfers at recordation unless a post-closing occupancy agreement exists.
While this Arizona commercial real estate purchase contract template is attorney-drafted and far superior to most online forms, I always recommend legal review when:
Is there an official Arizona commercial real estate purchase form?
No. Unlike residential, commercial transactions use custom contracts or broker forms (e.g., AIR CRE).
Is earnest money refundable in Arizona commercial deals?
Only during the due diligence period unless otherwise negotiated.
Does Arizona require attorney review of commercial contracts?
No, but the Arizona State Bar strongly recommends it for transactions over $1M.
Download Arizona Commercial Real Estate Purchase Contract 2025 (Free .docx)
File includes:
Disclaimer: This Arizona commercial real estate contract template is provided for informational purposes only and does not constitute legal advice. Laws change, and every transaction is unique. Always consult a licensed Arizona attorney and tax advisor before signing any binding agreement. Sources: IRS.gov (Rev. Proc. 2000-37, Section 1031), A.R.S. Title 33, Arizona Department of Real Estate guidelines.
© 2025 – All rights reserved. You may use this template for your personal or client transactions but may not resell or redistribute as your own.