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address unit city state zip II. Seller and Buyer acknowledge and agree that the Property is being sold to Buyer in its existing as is condition As Is and Seller shall not be responsible for the repair replacement or modification of any deficiencies malfunctions or mechanical defects on the Property or to any improvements thereon including but not limited to the material workmanship or mechanical components of the structures foundations roof heating plumbing electrical or sewage system drainage ...

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What does real estate term as is mean?

Buying a home (or other property offered for sale) \u201cas is\u201d means the seller makes no warranties or representations about the property's condition. In addition, it means the seller will not repair any property defects.

What does an as is offer mean?

What Does 'Sold As-Is' Mean? Sellers list their homes for sale as-is when they don't want to do any repairs before closing. It means there are no guarantees from the seller that everything's in working condition, and they're not required to provide a Seller's Disclosure.

What does as is mean in a contract?

\u201cAs is\u201d refers to a term used in sales contracts where the buyer agrees to buy a product in its current condition, without legal recourse should the buyer discover a defect in the product after purchase.

Does an addendum override a contract?

Addenda are modifications that are added to an existing agreement to add or change a few of its terms or conditions. It does not replace the original contract. It merely adds information that the parties have agreed to after the contract terms have been set.