Can a Building Purchase Agreement be signed electronically?

Yes. Under the federal ESIGN Act (15 U.S.C. ch. 96) and state UETA laws, electronic signatures are generally legally enforceable in the U.S., except for limited statutory exceptions such as wills and certain court orders.

When is notarization required for the deed?

Most states require a notarized deed for recording. Some states also require witness signatures for deeds; check the county recording office or state statutes for exact requirements.

How do I correct a signed agreement with an error?

If an error is clerical, parties typically execute an amendment or corrective addendum signed by all parties; avoid unilateral edits to the executed original to preserve enforceability.

Who can sign on behalf of an entity?

An authorized officer or agent with documented authority (board resolution, power of attorney) should sign; attach proof of capacity when signing for corporations or LLCs.

Are electronic records admissible in court?

Yes. Electronic records and audit trails are admissible if they meet authentication requirements showing intent, attribution, and integrity under evidentiary rules and ESIGN/UETA principles.

What supporting documents should accompany the agreement?

Typical attachments include the title commitment, survey, environmental reports, list of excluded items, escrow instructions, and any lender-required exhibits or certificates.

Electronic Signature
Templates
Real estate
Building Purchase Agreement

Building Purchase Agreement

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

BUILDING PURCHASE AGREEMENT

Parties

This Building Purchase Agreement ("Agreement") is entered into by and between Seller and Buyer as of the Effective Date set forth below.

Seller Name Seller Entity Type (check all that apply)

Individual Corporation LLC Trust

Seller Address Seller Contact Buyer Name Buyer Entity Type (check all that apply)

Individual Corporation LLC Trust

Buyer Address Buyer Contact

Property Identification

Street Address Parcel / APN Number Legal Description

Purchase Price and Payment

Purchase Price: $ payable in lawful money at Closing as provided herein.

Earnest Money Deposit

Earnest money shall be delivered to Escrow/Agent within days after Effective Date and applied to Purchase Price at Closing.

Financing

This Agreement is (check applicable): contingent upon Buyer obtaining financing not contingent upon financing.

Financing Terms (if applicable)

Inspections and Due Diligence

Buyer shall have days from Effective Date to complete inspections. Inspection Deadline: .

Inspection Contingency Details

Closing and Possession

Closing Date: . Closing shall occur at:

Possession to Buyer shall be delivered on: subject to Tenant rights, if any.

Title, Conveyance, and Closing Costs

Type of Deed Conveyance Title Company / Escrow Agent

Title objections, if any, shall be delivered within days of Seller's delivery of title documents.

Representations and Warranties

Seller represents that Seller is the lawful owner of the Property and has full authority to convey the Property. Seller further represents there are no undisclosed material defects, liens, or encumbrances except as disclosed in writing.

Seller Disclosures

Lead-Based Paint Disclosure: Yes No

Known Mold or Water Intrusion: Yes No

Prior Structural Damage or Repairs: Yes No

If Yes to any disclosure, describe:

Default and Remedies

In the event of Buyer default, Seller may retain the earnest money as liquidated damages or pursue specific performance or damages. In the event of Seller default, Buyer may elect specific performance, recovery of deposit, or other legal remedies. Each party's remedies are cumulative and in addition to any other remedy available at law or in equity.

Prorations, Taxes, and Utilities

Real property taxes, assessments, rents, and utilities will be prorated as of Closing. Buyer shall pay transfer taxes and recording fees unless otherwise agreed in writing.

Notices

Notices required or permitted under this Agreement shall be delivered in writing to the addresses set forth below or to alternate addresses provided in writing by the parties.

Seller Notice Address Buyer Notice Address

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the State of . This Agreement, including all attached exhibits and addenda, constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.

Miscellaneous

Assignment: This Agreement may not be assigned by Buyer without Seller's prior written consent. Survival: All representations, warranties, covenants and indemnities shall survive Closing to the extent provided by law.

Additional Terms or Addenda

Execution

Effective Date: The Effective Date of this Agreement is the date of signature by the last party to sign below.

Seller:

By:

Date:

Buyer:

By:

Date:

What a Building Purchase Agreement Is and When It Applies

A Building Purchase Agreement is a legally binding contract that records the terms under which a buyer purchases a building or commercial structure from a seller. It explains the parties, the property description, the purchase price, deposit and financing conditions, inspections, contingencies, prorations, closing procedures, and post-closing obligations. The agreement allocates risk, sets deadlines for inspections and financing, and identifies documents required at closing, such as deeds, title commitments, and certificates of occupancy. Properly completed, signed, and retained, it forms the primary record of the transfer of real property interests.

Why a Clear Building Purchase Agreement Matters

A precise agreement reduces ambiguity about price, scope, and closing obligations, lowering dispute risk and supporting enforceability under state contract and real property laws.

Who typically completes and signs a Building Purchase Agreement

Final signing often involves principals, authorized signatories or agents with written authority; corporate signers may require board or officer resolution evidence.

Buyers and buyer representatives who confirm financing, inspections, and acceptable title conditions before closing.
Sellers and listing brokers who must disclose property condition and coordinate title deliverables and certificates.
Lenders and title companies that require specific clauses, exceptions, and supporting documents to fund and insure the transaction.

Essential clauses to include in a professional Building Purchase Agreement

A robust contract balances transaction clarity with flexibility: it specifies parties, property, price, contingencies, closing mechanics, and remedies in enforceable language.

Parties

Identify buyer and seller legal names, business entity types, and contact details; include authorized signing representatives and capacity when signing for entities.

Property Description

Use the legal description from the title commitment or deed and include street address and parcel or tax ID to avoid ambiguity in title searches and recording.

Purchase Price

State the exact purchase price, allocation for land and improvements if needed, deposit/earnest money amount, and consequences for deposit forfeiture or refund.

Contingencies

List conditions precedent such as inspections, environmental reports, financing, and satisfactory title; specify cure periods and termination rights for unmet contingencies.

Closing Mechanics

Define closing date, location, required deliverables (deed, bill of sale, affidavit), prorations, taxes, recording responsibilities, and transfer of possession.

Representations

Include seller and buyer representations and warranties about authority, liens, compliance with laws, and absence of material adverse conditions.

Step-by-step: how to complete and execute the agreement

Follow these steps in order to reduce errors, secure financing, and prepare for a smooth closing.

01

Draft Agreement: Prepare an initial draft with all key terms and exhibits.
02

Review and Negotiate: Exchange redlines, confirm contingencies, and resolve title exceptions.
03

Satisfy Conditions: Complete inspections, secure financing, and cure title issues.
04

Close and Record: Sign closing documents, fund payments, and record the deed.

How to set up a digital signing workflow for this agreement

Configure roles, fields, authentication, and distribution in your eSignature platform before sending to avoid signature delays.

Field	Configuration
Signer Roles	Buyer \| Seller \| Lender \| Title
Signature Fields	Place signature, initial, date, and name fields for each signer
Authentication	Set email link or SMS code; use KBA for higher assurance
Notifications	Enable status emails and final PDF delivery to all parties

Typical digital signing flow for a Building Purchase Agreement

A standard online signing workflow moves the document from sender to each signer, captures an audit trail, and delivers final copies to stakeholders.

Upload: Sender uploads final PDF and attaches exhibits.
Tag Fields: Place signature, date, and data entry fields for each party.
Invite Signers: Send email links or generate signing URLs in order.
Complete Signing: Platform records timestamps, IP, and actions; parties receive copies.

Digital signing and technical requirements to consider

Ensure the platform supports audit trails, tamper-evident PDFs, and secure storage to meet lender and title company expectations.

File Formats: Use PDF or Word DOCX; PDF preferred for consistent page numbering.
Integrations: Connect to systems like Salesforce, NetSuite, or Procore for automated routing.
Authentication Options: Choose email link, SMS code, or KBA based on risk and lender requirements.

Common deadlines and timing items to include

Specify absolute dates and cure periods for contingencies, financing, inspections, and closing to avoid disputes about timing.

Inspection Period:

Number of days to complete inspections and request repairs.

Financing Contingency:

Deadline to obtain loan commitment letter.

Title Objection Cure:

Seller's time to cure title defects.

Closing Date:

Date for execution, funding, and recording.

Possession Transfer:

Date when buyer takes physical control of property.

Key milestones from offer to recorded deed

Track these sequential milestones to coordinate inspections, financing, and closing tasks across parties.

01

Offer Acceptance

Executed contract accepted by both parties and initial deposit delivered.

02

Due Diligence

Inspections, surveys, environmental reports completed within specified period.

03

Financing Commitment

Lender issues commitment and final underwriting is satisfied.

04

Closing & Recording

Documents signed, funds disbursed, and deed recorded in county records.

Common preparation mistakes to avoid

Using informal or incomplete property descriptions that clash with the recorded legal description, causing title defects and delays.
Failing to specify which prorations and closing costs each party will pay, leading to last-minute disputes at closing.
Omitting contingency deadlines or cure periods, which can create uncertainty about termination rights and deposit disposition.
Not confirming signatory authority for corporate entities, which risks invalid or unenforceable signature blocks.

Consequences of errors or omissions in the agreement

Contract Voidability: Risk of rescission or unenforceability

Title Liens: Uncured liens can block transfer

Financing Failure: Lender denial may terminate deal

Tax Exposure: Incorrect proration affects tax filings

Delay Costs: Carrying costs and lost revenue

Legal Fees: Attorney costs for dispute resolution

Required information and fields to complete on the agreement

Buyer Name: Full legal name

Seller Name: Full legal name

Property Legal Description: Parcel/tax ID and legal text

Purchase Price: Numeric and written amount

Earnest Money: Amount and deposit terms

Closing Date: MM/DD/YYYY format

Example scenarios showing how the agreement is used

Two concise examples illustrate common transaction patterns and how specific clauses protect parties in practice.

Private Investment Sale

A developer purchases an industrial building after a 30-day due diligence period

buyer obtains environmental report within 21 days
the contract requires seller to cure identified title exceptions before closing and holds earnest money in escrow pending cure, protecting the buyer from unexpected liabilities.

Bank-Financed Acquisition

A company buys an office building contingent on a lender commitment

closing moves forward only after loan approval and title insurance issuance
the agreement allocates prorations, sets a definitive closing date, and requires delivery of a lender-approved title policy and evidence of insurance at closing.

Overview of typical eSignature vendor pricing and capability differences

Comparison shows starting price and common enterprise features; signNow is listed first for consistency. Confirm vendor sites for plan details before purchasing.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day trial	Varies	Varies	Varies	Varies
Bulk Send	Yes	Yes	Yes	Yes	Varies
Audit Trail	Yes	Yes	Yes	Yes	Yes
Envelope Cap	No cap	100 envelopes/user/year	Varies	Varies	Varies

Frequently asked questions about Building Purchase Agreements and e-signatures

Answers to common questions on electronic signing, notarization, corrections, and legal validity for building purchase contracts.

Need help? Contact support

Can a Building Purchase Agreement be signed electronically?
Yes. Under the federal ESIGN Act (15 U.S.C. ch. 96) and state UETA laws, electronic signatures are generally legally enforceable in the U.S., except for limited statutory exceptions such as wills and certain court orders.
When is notarization required for the deed?
Most states require a notarized deed for recording. Some states also require witness signatures for deeds; check the county recording office or state statutes for exact requirements.
How do I correct a signed agreement with an error?
If an error is clerical, parties typically execute an amendment or corrective addendum signed by all parties; avoid unilateral edits to the executed original to preserve enforceability.
Who can sign on behalf of an entity?
An authorized officer or agent with documented authority (board resolution, power of attorney) should sign; attach proof of capacity when signing for corporations or LLCs.
Are electronic records admissible in court?
Yes. Electronic records and audit trails are admissible if they meet authentication requirements showing intent, attribution, and integrity under evidentiary rules and ESIGN/UETA principles.
What supporting documents should accompany the agreement?
Typical attachments include the title commitment, survey, environmental reports, list of excluded items, escrow instructions, and any lender-required exhibits or certificates.

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