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The As Is Property Sale Agreement is designed for situations where property is being sold in its existing condition without warranties or guarantees. This document is particularly relevant in England and Wales where property transactions require specific legal formalities under the Law of Property Act 1925 and related legislation. It's commonly used for distressed sales, auction properties, or where sellers wish to limit liability for property condition. The agreement includes detailed provisions about the property's current state, explicit acknowledgments from the buyer about accepting the property's condition, and clear limitations on the seller's liability. This type of agreement offers protection to sellers while providing transparency to buyers about the nature of the purchase.
