The As Is Home Purchase Agreement is commonly used in England and Wales when selling properties that may require significant renovation or have known issues. This type of agreement is particularly relevant for properties sold at auction, distressed sales, or when sellers wish to limit their liability for property conditions. The document clearly establishes that the buyer has inspected the property and accepts it in its current state, with all faults and defects. It includes comprehensive details about the property, price, payment terms, and explicit acknowledgments about the property's condition.
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1. Parties: Identification and details of buyer and seller
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being sold including address, boundaries, and registered title number
5. Purchase Price: Amount and payment terms including deposit requirements and completion payment
6. As Is Condition: Statement of property condition and buyer's acceptance of current state without warranties
7. Completion: Timeline and requirements for closing including completion date and procedures
8. Title and Registration: Title transfer and registration requirements including seller's obligation to provide good title
1. Fixtures and Fittings: Detailed list of items included or excluded from the sale when specific items need to be clearly identified
2. Property Searches: Results and implications of local authority, environmental, and other property searches when these have been conducted
3. Chain Details: Information about property chain when the transaction is part of a linked series of property sales
4. Vacant Possession: Terms regarding delivery of vacant possession when the property is currently occupied
1. Schedule 1 - Property Plan: Official plan showing property boundaries and extent of the property being sold
2. Schedule 2 - Title Documents: Copies of relevant title documents and registered charges
3. Schedule 3 - Property Information Form: Completed standard form detailing property information and disclosures
4. Schedule 4 - Fixtures and Fittings List: Detailed inventory of items included in or excluded from the sale
5. Schedule 5 - Existing Survey Reports: Any existing survey reports or property condition assessments
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