What is an “as is” addendum?
Lending institutions sell these properties in their current condition. You have the right to have inspections on the property, but the owners will not make any repairs to the property. The list prices reflect the condition of the property. After you have completed the inspections, you have the right to either void or proceed with the agreement of sale. You will have a limited amount of time to have the inspections done.
Related Questions
- Along with RFCs 2138 and 2139, there are several addendum drafts that describe compulsory tunneling, signature attributes, and EAP. Are these supported in IAS?
- Weve estimated the retaining wall quantity to be more than the quantity specified. Will the quantity be revised through addendum?
- What is the bank addendum?
