As Is, Where Is

by Daryn
(Nova Scotia)

No Promises

No Promises

What does "as is, where is" mean? Does that mean no negotiating the asking price?

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Mar 20, 2016
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As Is, Where Is
by: Ross

Hi Daryn:
Thanks for your inquiry. This is an often misunderstood phrase used to describe the circumstances under which something is to be sold.

When used with respect to a chattel or fixture, for example, in an Agreement of Purchase and Sale of real property, it means that the Seller is offering no warranty, that is to say no guarantee or promise, that the subject item will be in good working order upon completion of the contract. If the Buyer agrees to such a term, they're agreeing to accept the item as they find it on closing.

The phrase is sometimes written as "in as is condition without warranty by the Seller". It may have other uses, but it would depend upon the context in which it is employed.

I hope this answers your question. Ross

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