As Is Purchase Agreement Template

Disclaimer

The provided document serves as a straightforward example for a transaction agreement where property is accepted in its current condition. It does not substitute for legal advice, and parties should consult qualified legal professionals to tailor the terms to their specific circumstances and ensure compliance with local laws and regulations. Usage of this template is at the user’s own risk, and we accept no liability for any errors, omissions, or unintended outcomes resulting from its application without legal review.

This sample is for illustrative purposes only and may vary depending on specific circumstances and applicable regulations. Adjust details accordingly.

As Is Purchase Agreement Example

Parties Involved:

Seller: Alex Johnson
Address: 789 Maple Street, Springfield, IL 62704

Buyer: Taylor Lee
Address: 345 Oak Avenue, Springfield, IL 62705

Description of the Property:

The property being sold is a residential house located at 789 Maple Street, Springfield, IL 62704, including all attached fixtures and appliances currently in place, sold in its current “as-is” condition.

Purchase Price and Payment Terms:

The total purchase price shall be $250,000. The Buyer shall pay the earnest money deposit of $5,000 upon signing this agreement. The balance shall be paid at closing through wire transfer or other mutually agreed method.

Condition of the Property:

The Buyer agrees to purchase the property in its current “as-is” condition. The Seller makes no warranties or representations regarding the condition of the property, and the Buyer acknowledges having inspected the property and accepts it in its present state.

Contingencies:

This agreement is not contingent upon any inspections, appraisals, or financing. The Buyer waives any rights to request repairs or modifications prior to closing.

Governing Law:

This agreement shall be governed by and construed in accordance with the laws of the State of Illinois. Any disputes shall be resolved in the courts of Sangamon County.

Additional Provisions:

• The Seller makes no representations regarding zoning, permits, or latent defects.
• The Buyer acknowledges having conducted their own inspections and investigations.
• All other representations or warranties are expressly disclaimed.

Springfield, ______________________