Determining the Implications of “As-Is” in Real Property Contracts
It is common to see items such as cars and trucks, and even real estate, advertised with the words “As-Is” in the listing. And it is not uncommon for the contracts that memorialize the agreements for the sale and purchase of these items to also include “As-Is” language. Generally, “As-Is” means that the buyer of real property is purchasing the property “as it is in its present state or condition.” Jaffe v. Bolton, 817 S.W.2d 19, 25 (Tenn. Ct. App. 1991). This implies the property is taken with whatever faults it may possess and that the seller is released from any