Full question:
Does the term "AS IS, WHERE IS" in a commercial real estate transaction suffice with respect to representations?
- Category: Real Property
- Date:
- State: Texas
Answer:
The term "AS IS, WHERE IS" indicates that the buyer accepts the property in its current state, without any guarantees from the seller regarding its condition. However, disclosure requirements can differ based on local laws. It's important to consult local regulations to understand what representations, if any, the seller must make.
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