Metaglossary.com - Definitions for "{term}"

Keywords: consummated, warranty, premises, defects, existing

Acceptance by a buyer of all the existing conditions at the time of the sale, including all physical defects.

A property being bought or sold in its existing condition.

Premises accepted by the buyer of the condition existing at the time of sale, including all defects.

The acceptance by the tenant of the existing condition of the premises at the time the lease is consummated. This would include any physical defects.

Buying a property in its existing condition.

The acceptance by the tenant of the existing condition of the premises at the time the lease is consummated, including any defects. Search | Home

The purchase or sale of a property in its existing condition.

A warning from seller to buyer that a home or car or other item is sold in its current state, without warranty.

property being purchased or sold in its existing condition.

A stipulation that a property is sold in its current physical state, with no warranties.

Transfer of title to a property in an existing condition with no warranties or representations.

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Keywords: tear, foreclosure, accepted, option, down

An option for purchasing some property. Common in foreclosure sales and often accepted by buyers who are purchasing a tear-down.