As Is Clause
State that the buyer accepts the property in its current condition, describing any specific known defects and stating that no additional repair obligations exist beyond those expressly listed.
The addendum reduces post‑closing disputes by documenting the seller’s limited warranty and the buyer’s acceptance of existing conditions. It streamlines negotiations, clarifies inspection expectations, and records the allocation of repair risk without replacing required statutory disclosures.
Real estate brokers, listing agents, sellers, buyers, and closing attorneys commonly prepare or review this addendum before finalizing a purchase contract.
Each signer should understand how the addendum interacts with state disclosure laws and the main purchase agreement; legal counsel is advisable when complex defects or statutory exceptions are present.
State that the buyer accepts the property in its current condition, describing any specific known defects and stating that no additional repair obligations exist beyond those expressly listed.
Reference and attach mandatory state or federal disclosure forms; confirm seller has provided required environmental, lead paint, or material defect disclosures.
Specify whether inspections are permitted, who pays for them, timelines for completion, and whether any unsatisfactory findings permit contract termination.
Clarify whether any repairs are agreed, list them in detail if so, and state that no other repairs are implied or required by the seller.
Define indemnities, survival periods, and whether the buyer assumes responsibility for known or latent defects after closing.
Confirm that the addendum is part of the purchase agreement, identify parties, and include signature blocks with dates to bind the terms legally.
| Field | Configuration |
|---|---|
| Signer Order | Sequential or parallel routing to preserve negotiation order |
| Authentication | Email link with optional SMS code or ID verification |
| Notary | Enable remote online notarization where permitted |
| Retention | Auto‑retain PDF + audit trail for statutory periods |
Use an eSignature platform that supports audit trails, optional identity proofing, and secure storage to validate execution and preserve records.
Ensure the chosen platform complies with ESIGN and UETA, supports required notarization workflows where permitted, and retains tamper‑evident audit records for the retention period.
Buyer completes inspections within the contract‑specified days
Seller responds to inspection requests by the stated date
If an option period exists, buyer must cancel or proceed before expiration
Final date when title transfers and addendum obligations survive
All executed addenda must be delivered to escrow/title before funding
Seller discloses limited foundation issues and attaches inspector report
Investor seller lists property as is and removes repair contingencies