As-Is Condition

Premises accepted by a buyer or tenant in the condition existing at the time of the sale or lease, including all physical defects. “As-is condition” means the property is being sold in its current state, with the seller indicating they will not make repairs, improvements, or provide credits for issues that may be discovered. This does not necessarily mean the home is defective, but it places more responsibility on the buyer to inspect the property carefully and decide whether they are willing to accept its condition. Even in an as-is sale, sellers are typically still required to disclose known material defects under state law, and buyers often retain the right to conduct inspections and negotiate or walk away if the contract allows for contingencies. It is a common misconception that an “as-is” property sale means that the seller does not have to disclose material facts about the property. Material facts must always be disclosed, even in an “as-is” sale.