PROPERTY DISCLAIMER STATEMENT Clause Samples
A Property Disclaimer Statement is a clause that limits or excludes the liability of the seller or owner regarding the condition or quality of a property being sold or leased. Typically, this clause clarifies that the property is being transferred "as is," and the seller makes no warranties about its state, such as structural integrity, compliance with regulations, or the presence of defects. By including this statement, the seller protects themselves from future claims or disputes over undisclosed issues, ensuring that the buyer assumes responsibility for inspecting the property and accepting any associated risks.
PROPERTY DISCLAIMER STATEMENT. Except for latent defects of which the Seller(s) has actual knowledge, the Seller(s) makes no representations or warranties as to the condition of the real property or any improvements on the real property; and the Purchaser(s) will be receiving the real property "AS IS", with all defects, including latent defects, that may exist, except as otherwise provided in the Contract of Sale of the property. The Purchaser(s) and Seller(s) acknowledge having carefully examined this statement and further acknowledge that they have been informed of their rights and obligations under the District of Columbia Real Property Article. NOTICES AND DISCLAIMERS: Purchaser acknowledges that Federal, State, or local law may provide for certain notices and disclaimers with respect to the purchase of the Property. Due to the purchase of the Property at auction, except for the notices and disclaimers contained in this Contract of Sale, Purchaser hereby waives any and all requirements to include such notices and disclaimers in this Contract of Sale and releases, indemnifies, and holds Seller and Auctioneer harmless from making or including any such notices and disclaimers with respect to the Property. Purchaser shall solely be responsible for ensuring that it has satisfied itself with respect to the condition of the Property including, without limitation, any notice or disclosure that is required by applicable law. Purchaser hereby acknowledges that Purchaser is not relying on any notice or disclosure by Seller or Auctioneer, or the lack of any such notice or disclosure, with respect to the purchase of the Property. By purchasing the Property, Purchaser shall be deemed to have knowledge of any notice or disclosure required by applicable law.