Use of “As Is” in a Real Estate Contract (Ontario)
Why would an agent insist that one insert a clause that says "Buyer acknowledges the home is being bought in as-is condition".
We know the condition...risks etc... have no clauses that include any warranties.
All properties are sold "as is", you don't have to add anything to change it. It’s “caveat emptor”. If you want a warranty, then you have to add it in. So, clearly, don't let the buyer add it in. There's really no point saying that you didn't add in a warranty clause. That be evident from the Agreement.