Purchaser Accepts Property Clause Samples
The 'Purchaser Accepts Property' clause establishes that the buyer agrees to take ownership of the property in its current condition at the time of sale. Typically, this means the purchaser has had the opportunity to inspect the property and is satisfied with its state, including any visible defects or issues, and will not hold the seller responsible for repairs or improvements after closing. This clause serves to protect the seller from future claims regarding the property's condition and ensures that the buyer is fully aware of what they are acquiring, thereby reducing disputes after the transaction is completed.
Purchaser Accepts Property. As Is". (a) If Purchaser consummates the Closing hereunder, Purchaser acknowledges for Purchaser and Purchaser's successors and assigns, that Purchaser (i) has been given a reasonable opportunity to inspect and investigate the Property and all aspects relating thereto, either independently or through agents and experts of Purchaser's choosing, and (ii) is acquiring the Property based upon Purchaser's own investigation and inspection thereof. SELLER AND PURCHASER AGREE THAT THE PROPERTY SHALL BE SOLD AND THAT PURCHASER SHALL ACCEPT POSSESSION OF THE PROPERTY ON THE CLOSING DATE "AS IS, WHERE IS, WITH ALL FAULTS" WITH NO RIGHT OF SET-OFF OR REDUCTION IN THE PURCHASE PRICE AND THAT, EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, SUCH SALE SHALL BE WITHOUT REPRESENTATION OR WARRANTY OF SELLER OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTY OF INCOME POTENTIAL, OPERATING EXPENSES, USES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE (BUT SPECIFICALLY EXCLUDING THE WARRANTY OF TITLE TO BE GIVEN IN THE DEED), AND SELLER DOES HEREBY DISCLAIM AND RENOUNCE ANY SUCH REPRESENTATION OR WARRANTY. PURCHASER SPECIFICALLY ACKNOWLEDGES THAT PURCHASER IS NOT RELYING ON
Purchaser Accepts Property. As Is." Purchaser acknowledges and agrees for Purchaser and Purchaser's successors, heirs and assignees, that: (A) Purchaser has been, and will be, given a reasonable opportunity to inspect and investigate the Property, all improvements thereon and all aspects relating thereto, either independently or through agents and experts of Purchaser's choosing and
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Purchaser Accepts Property