Common use of Special Term Clause in Contracts

Special Term. If the property is rented «as is», it means that the Tenant assumes much of the risk of latent defects to the property. If the Tenant finds defects after entering into the agreement, the defect does not normally constitute a breach of contract unless the Lessor has provided incorrect or insufficient information about the defect, or if the property is in a substantially worse condition than the Tenant had reason to expect when taking the rental price and other circumstances into account.