A Tennessee real estate purchase agreement is a written contract in which a seller agrees to sell and a buyer agrees to buy a property on agreed terms. For homes, Tennessee law adds a written disclosure or disclaimer statement. The owner delivers it before the acceptance of a real estate purchase contract.[4] Fill in this Tennessee real estate purchase agreement PDF, then print or download it.
Last Updated: October 2026. This guide is reviewed and updated regularly to reflect current Tennessee law. If you notice an error or outdated information, please contact us.
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A Tennessee real estate purchase agreement is the written contract for the sale of a home, a lot, or a commercial building. It names the buyer and the seller, describes the property, and sets the price. It also records the closing date and any conditions, such as an inspection. Once both sides sign, the paper shows exactly what they agreed to.
The structure follows the deal from start to finish. The agreement opens with the parties and the property, moves to the price and the conditions, and ends with the closing terms and the signatures.
A Tennessee residential purchase and sale agreement, sometimes called a TN purchase and sale agreement, is the contract for the sale of a home. It records the deal the buyer and the seller reached, including the property, the price, and the closing terms. The buyer usually drafts it as an offer. The seller can accept it, reject it, or propose changes, which leads to negotiation before anyone signs.
A purchase agreement lists every condition the parties agreed on. A Tennessee agreement for a home usually covers these points:
Many offers state a reply date. If the seller has not accepted by then, the buyer can decide whether to extend the offer or move on to another property. For a form that is not tied to one state, see our printable real estate purchase agreement.
A buyer can hire a certified professional to inspect the home before closing. If the inspector finds additional defects, a few outcomes are common:
It is best to write the inspection period, the list of defects, and the repairs the seller agrees to make into the agreement from the start.
A Tennessee commercial purchase and sale agreement covers the sale of business property, such as an office, a store, or a warehouse. It follows the same structure as the residential contract. The buyer or the seller drafts the offer, the parties negotiate, and both sign. The disclosure statute explained below speaks of residential real property.[4]
Real estate agencies are common in commercial sales. In practice, an agent tells a client whose interests the agent represents before starting work for that client. A Tennessee real estate contract for commercial property is easier to rely on when it names every condition the two sides agreed to.
Tennessee's residential property disclosure rule is in Tenn. Code Ann. § 66-5-203. The owner of residential real property delivers a written disclosure or disclaimer statement to the purchaser. The owner does this before the acceptance of a real estate purchase contract.[4]
Here is the statute's own wording:
The owner of residential real property subject to this part shall deliver to the purchaser the written disclosure or disclaimer statement, if agreed upon by the purchaser required by this part prior to the acceptance of a real estate purchase contract.
The statute names both a disclosure statement and a disclaimer statement. This page does not list every item the statement covers, so read the statute under Sources or ask a licensed attorney about your sale.
Section 66-5-202 sets out the two statements. The disclosure statement follows the statutory form and covers the condition of the property, including any material defects known to the owner. A disclaimer statement is permitted only where the purchaser waives the required disclosure.[5]
Federal law adds a separate rule for older homes. Under federal rules required by 42 U.S.C. § 4852d, the seller of target housing must give the buyer a lead hazard information pamphlet and disclose any known lead-based paint or lead-based paint hazards before the buyer is obligated under the contract.[6] Target housing is housing built before 1978, with exceptions for housing for the elderly or persons with disabilities and for 0-bedroom dwellings, unless a child under 6 lives or is expected to live there.[7]
The residential property disclaimer statement or disclosure statement may be included in the real estate purchase contract, in an addendum to the contract, or in a separate document.[4] Real estate agents often supply a standard condition form. Such forms commonly ask about legal issues and about the condition of individual parts of the house.
A failure to provide the disclosure or disclaimer statement does not permit a purchaser to terminate a real estate purchase contract. A purchaser is not restricted by this part from bringing such other actions at law or in equity that are otherwise permitted.[4]
The owner is not liable for any error, inaccuracy, or omission of any information delivered under this part if both of these conditions are met:[1]
An action brought under that provision must be started within one year. The year runs from the date the purchaser received the disclosure statement or the date of closing, or occupancy if a lease situation, whichever occurs first.[2] Our statute of limitations guide lists time limits by state.
The disclosure law specifically excludes some transfers. They include transfers under a court order, such as:[3]
Most problems with a purchase agreement come from blanks and from promises that were never written down. A few checks before signing can prevent them. Avoid these mistakes before either side signs:
These short answers cover Tennessee's residential property disclosure rule. Each answer follows section 66-5-203 of the state code, and the source is listed at the end of the page so you can read it yourself.
Yes, for residential real property. In short:[4]
The owner of residential real property delivers a written disclosure or disclaimer statement to the purchaser before the purchaser accepts a real estate purchase contract.[4] This page does not list every item on the statement, so read the statute or ask a licensed attorney.
In Tennessee, the written disclosure or disclaimer statement is tied to a real estate purchase contract for residential real property. The owner delivers it to the purchaser before the contract is accepted.[4]
General information, not legal or tax advice.
