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Topical Terminology > "As Is"



2 Definitions

"As Is"

For "As Is" we have terms and definitions in 2 topics. The topics are Real Estate and Real Estate Auction.



"As Is" (Real Estate)

A clause that is sometimes used in the transfer of property. It means that the present property is being transferred with no guarantee or warranty provided by the seller.


"As Is" (Real Estate Auction)

Selling the property without warranties as to the condition and/or the fitness of the property for a particular use. Buyers are solely responsible for examining and judging the property for their own protection. Otherwise known as "As Is, Where Is" and "In its Present Condition."




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