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What is the effect of an as is clause in a purchase agreement?

An as is real estate contract means the property is sold in its current condition without warranties or repairs. Unlike a typical contract where repairs and negotiations are common, in an as is contract: The propertys condition is as it is.

What if a real estate sale contract includes an as is clause?

Put simply, an as-is clause is a statement that the buyer acknowledges and accepts that they are purchasing the property in its current condition and without any guarantees or warranties from the seller.

What is the as is provision in a real estate contract?

With an as-is provision, sellers are protected from liability for defects in the property that the buyer visibly observes. Sellers still, however, have a duty under California law to disclose any known defects in the property.

What is the effect of an AS is provision in a residential sale contract?

Therefore, California courts have held that the effect of an as-is provision is to cause the buyer to take the property in the condition visible or observable to him. As explained by one court, an as is provision may be effective as to a dilapidated stairway but not as to a missing structural member, a

What is the most commonly used residential sales contract?

Improved property means any property upon which there is ed a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.