as is clause meaning

Specifically, some cars are offered as is, without a warranty; other cars include a warranty. A buyer should, and must, insist on a home inspection clause. 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. 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. 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. The “as is” clause basically provides that the seller is selling, and the buyer is buying, the property in its “as is” condition. It also assumes the buyer has a right to inspect the property first so they can assess any defects and make an informed decision. as is: A term used to describe a sales transaction in which the seller offers goods in their present, existing condition to prospective buyers. Just because the seller may not want to perform any repairs, and the buyer is purchasing “As Is” . The term “as is” is commonly used in the pre-owned car world to describe a car’s warranty status. 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. However, democracy is largely the set of rules or criteria existing on papers and then implemented in practice. . What exactly does the term mean? It can mean that there are no appliances, or the pool is inoperable, or that walls and other surfaces are and may remain unfinished. As Is, No Warranty. Essentially, the term frees the seller from legal recourse should an unexpected problem arise with the item after the sale. What Does “As Is" Mean? The clause as it has existed in practice is modifying democracy in the example sentence.as it has existed cannot modify a criticism because it is obvious that the criticism is existing in practice. 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. Both sellers and buyers ought to profit from the “as is” clause of purchase agreements. The term as is gives notice to buyers that they are taking a risk on the quality of the goods. 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! Source: Merriam-Webster's Dictionary of Law ©1996. Final Thoughts. The place where insignificant departs from major deficiency is sometimes in the eyes or the beholder. 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. “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. There are no extra words needed to define it. This issue could have been intentionally hidden by the seller. By the seller as is clause meaning legal recourse should an unexpected problem arise with the item being... Are no extra words needed to define it seller from legal recourse an! From major deficiency is sometimes in the pre-owned car world to describe a car ’ s status. 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