However, democracy is largely the set of rules or criteria existing on papers and then implemented in practice. as is does not mean that a buyer has to accept the property condition “as is” — Buyers should always have a right to inspect the property! It also assumes the buyer has a right to inspect the property first so they can assess any defects and make an informed decision. The “as is” clause basically provides that the seller is selling, and the buyer is buying, the property in its “as is” condition. This issue could have been intentionally hidden by the seller. The buyer should acknowledge that it is being represented by counsel and that buyer’s counsel has explained the meaning of the “as is” provision to the buyer. What Does “As Is" Mean? The term “as is” is commonly used in the pre-owned car world to describe a car’s warranty status. Specifically, some cars are offered as is, without a warranty; other cars include a warranty. Final Thoughts. Meaning of "As Is" and "As Available" "As Is" alerts a buyer in a sales contract that they accept the purchased item, be it real estate, animals, automobiles or appliances, in its present condition. The term as is gives notice to buyers that they are taking a risk on the quality of the goods. A buyer should, and must, insist on a home inspection clause. What exactly does the term mean? The place where insignificant departs from major deficiency is sometimes in the eyes or the beholder. It can mean that there are no appliances, or the pool is inoperable, or that walls and other surfaces are and may remain unfinished. . There are no extra words needed to define it. As Is Clause as is clause n : a clause in an agreement providing that the buyer accepts the item for sale in its presently existing condition without modification or repair NOTE: Under Uniform Commercial Code section 2-316, an as is clause releases the seller from responsibility for the quality of the item for sale. Anyone who has bought or sold real property in California is well aware of the massive disclosure documents that the law imposes on the parties as to the nature of the property and the locale surrounding the property. Just because the seller may not want to perform any repairs, and the buyer is purchasing “As Is” . . The “As Is Clause” is designed as a catchall to cover items that would be insignificant as part of the decision process of the buyer. But, using "as-is" to avoid compliance with the Florida Statutes, which require a landlord at all times to comply with applicable building and housing codes. Essentially, the term frees the seller from legal recourse should an unexpected problem arise with the item after the sale. “As is" is a legal term describing the status of an item for sale. However, even with this in place, the seller must represent the property “as is” in order for the “as is” clause to mean anything at all. It means the item is being sold complete with all issues known and unknown. as is: A term used to describe a sales transaction in which the seller offers goods in their present, existing condition to prospective buyers. Source: Merriam-Webster's Dictionary of Law ©1996. The clause as it has existed in practice is modifying democracy in the example it has existed cannot modify a criticism because it is obvious that the criticism is existing in practice. Both sellers and buyers ought to profit from the “as is” clause of purchase agreements. As Is, No Warranty.

as is clause meaning

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