As Is Condition of Premises Sample Clauses
The "As Is Condition of Premises" clause establishes that the buyer or tenant accepts the property in its current state, with all existing faults and without any guarantees or warranties from the seller or landlord regarding its condition. In practice, this means the party taking possession cannot later claim defects or demand repairs for issues that were present at the time of the agreement, such as structural problems or outdated systems. This clause primarily serves to allocate risk to the buyer or tenant, ensuring that the seller or landlord is not held responsible for the property's condition after the transaction is completed.
POPULAR SAMPLE Copied 6 times
As Is Condition of Premises. It is understood that Tenant has inspected the Premises and takes it “AS IS.” Except as expressly set forth in this Agreement, the Cities shall have no obligation to make any changes, removals, maintenance, or repairs of any kind. Tenant shall use the Premises only in the manner described in Section 7.
As Is Condition of Premises. Landlord shall have no obligation to do any work or perform any services with respect to the Demised Premises which the Tenant shall continue to occupy in its then "AS !S" condition during the Renewal Term; and
As Is Condition of Premises. ▇▇▇▇▇▇ agrees that it accepted the Premises in the AS IS condition that existed on the Effective Date of this Lease. Landlord made no representation or warranty that the Premises are fit or suitable for any particular use or purpose, except as expressly provided in this Lease.
A. ▇▇▇▇▇▇ agrees that it entered into this Lease after it conducted, or was given a fair opportunity to conduct, a full and complete inspection of the Premises, including the use, ownership, environmental, and other conditions thereof.
B. Tenant agrees that Landlord is not required to furnish any service or facility to the Premises, to make any repair or alteration to the Premises, or to provide any off-site improvements, such as utilities or parking. Landlord is not required to furnish any access to the Premises other than the means of access that are available to the general public. Tenant assumes the full and sole responsibility for the condition, construction, operation, repair, demolition, replacement, maintenance, and management of the Premises, including compliance with all easements, covenants, restrictions, and other burdens that run with the land.
As Is Condition of Premises. Except as otherwise expressly provided to the contrary herein, Subtenant accepts the Premises “AS-IS” in its presently existing condition. Subtenant acknowledges that (a) it was given a full opportunity to inspect the Premises; (b) as of the Commencement Date, Subtenant has inspected the Premises; (c) neither Sublandlord nor its agents or employees have made any representations or warranties as to the condition of the Premises, or the suitability or fitness of the Premises for the conduct of Subtenant’s business or for any other purpose; and (d) subject to the provisions of Section 3.2 below, neither Sublandlord nor its agents or employees agreed to undertake any alterations or construct any tenant improvements in the Premises.
As Is Condition of Premises. Tenant accepts the Premises (including, without limitation, all equipment, fixtures, systems and racking therein), the Building, the Common Areas and the Project in their AS IS, WHERE IS, WITH ALL FAULTS condition and state of repair existing as of the Effective Date, and Tenant agrees that Landlord shall not be required to perform any work, supply any materials, or incur any expense to prepare the Premises for Tenant’s occupancy, provided, however, nothing herein shall relieve Landlord of its obligations under Section 8 of the Lease.. Tenant shall, at its sole cost and expense, be solely responsible to obtain any and all licenses, permits and/or consents, if any, related to its use and occupancy of the Premises.
As Is Condition of Premises. (a) Except as expressly set forth in Section 2(b) below, Tenant accepts the Premises (including, without limitation, all equipment, fixtures, systems and racking therein), the Building, the Common Areas and the Project in their AS IS, WHERE IS, WITH ALL FAULTS condition and state of repair existing as of the Effective Date, and Tenant agrees that Landlord shall not be required to perform any work, supply any materials, or incur any expense to prepare the Premises for Tenant’s occupancy, provided, however, nothing herein shall relieve Landlord of its obligations under Section 8 of the Original Lease. Tenant shall, at its sole cost and expense, be solely responsible to obtain any and all licenses, permits and/or consents, if any, related to its use and occupancy of the Premises.
(b) Notwithstanding Tenant’s obligations to maintain, repair and/or replace any portion of the Premises, and provided that no Event of Default under the Lease has occurred (beyond any applicable notice and/or cure period set forth in the Lease), Landlord agrees to reimburse Tenant up to $33,950.00 (the “HVAC Allowance”), which HVAC Allowance may be used for Tenant’s costs and expenses incurred in connection with the maintenance, replacement and repair of the heating, ventilation and air conditioning system described in the scope of work attached hereto as Exhibit A (the “HVAC Work”). The HVAC Work described on Exhibit A and the proposal and contractor specified thereon are hereby approved by Landlord. The performance of the HVAC Work shall be subject to all of the provisions of the Lease, including, but not limited to, Section 8 of the Original Lease. Tenant must perform the HVAC Work and submit to Landlord a proper Payment Request (hereinafter defined) relating to the HVAC Work within ninety (90) days after the Effective Date, or else Tenant’s right to receive the HVAC Allowance shall be null and void, and Tenant shall not be entitled to any rent offsets or credits for any unused HVAC Allowance; provided, however, if the completion of the HVAC Work is delayed due to force majeure or other reason beyond the control of Tenant or there is any dispute about the completion of the HVAC Work or the billing and the payment for the HVAC Work is delayed, the period for submission of a Payment Request shall be extended until ten days following the last date of the payment(s) to the contractor for which the Payment Request is made, but in no event shall the proper Payment Request be submitted t...
As Is Condition of Premises. Tenant accepts the complete Premises which includes the Structures and any other improvement or structure in an “as-is” condition. Tenant shall hold the State of Maryland, the Department of Natural Resources, its officers, agents, representatives, contractors of Tenant, subcontractors, and all other third parties, harmless from any claims by ▇▇▇▇▇▇, ▇▇▇▇▇▇’s family, personal guests, invitees or licensees, for any damage to person or property resulting from any defect or condition in or about the Premises.
As Is Condition of Premises. The Premises are being leased to Tenant in "AS-IS" condition without any obligation of the Landlord to make any alterations, improvements, or repairs. Tenant acknowledges that it has inspected the Premises and agrees to accept the same as of the date hereof in its current state of condition and repair and releases the Landlord from any and all claims in connection therewith.
As Is Condition of Premises. Except to the extent of any Landlord Work and Landlord's Maximum Contribution described in the Workletter:
As Is Condition of Premises. Subtenant accepts the Extension Premises “AS-IS” in its presently existing condition, and Sublandlord shall not be required to perform any demolition work or tenant-finish work therein or to provide any allowances therefor.