The Florida Commercial Contract CC-5 ~ Commercial Property Purchase Agreement

Below are links to jump directly to key sections of the FAR/BAR Florida Commercial Contract CC-5, commonly used in Florida for commercial property purchase transactions. This form replaced its predecessor, the FAR/BAR Commercial Contract CC-4, in 2017.

Commercial buyers otherwise inclined to begin the process with a letter of intent (LOI) should consider simply beginning with this widely used form. An LOI is non-binding. Some might say it is a written handshake, but it is really less than this. A handshake can be a verbal agreement, implied if not legally binding, but an LOI is generally non-binding, because it (almost always) says so. Conversely, a contract is binding, locking up a property for a buyer. If a due diligence period is chosen in section 7 (language here, line 126), a buyer has time to fully evaluate the property during the (due diligence) period.

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This site is operated by Hawkins Commercial Realty in Miami, Florida, license real estate broker James Mallory Hawkins.

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Within these pages, you will find information related to Miami area commercial real estate, Miami-Dade County commercial property. Most specifically, you will find information about retail, multifamily, office, and industrial property in the Miami, Florida area. This will include information about lease rates, price trends, closed transactions, rumored transactions, economic statistics, capitalization rates, vacancy rates, rental rates, and development related to commercial real estate in the Miami area.

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This site, operated by Hawkins Commercial Realty, consisting of thousands of pages of original content, publishes news, observations, information, and commentary related to Miami area commercial real estate.

All About Miami Commercial Real Estate

Within these pages, you will find infomation related to Miami area commercial real estate, Miami-Dade County commercial property. Most specifically, you will find information about retail, multifamily, office, and industrial property in the Miami, Florida area. This will include information about lease rates, price trends, closed transactions, rumored transactions, economic statistics, capitalization rates, vacancy rates, rental rates, and development related to commercial real estate in the Miami area.