Author: Bianca Kratt KC

The purchase and sale transaction of commercial real estate involves a series of steps and requires coordination among several parties. Key steps include entering into preliminary agreements, conducting proper due diligence, preparing transaction documents, financing considerations, and closing mechanics. This paper tracks the workflow for typical commercial real estate purchase and sale transactions and focuses on trust conditions, undertakings, and escrow agreements. It also includes a sample commercial real estate trust letter.

These materials are part of a collection presented at LESA’s Navigating Commercial Real Estate Transactions: Closing with Confidence program in Edmonton on May 7, 2025.