This means that if you are buying a property on an as is where is basis you are buying it in its current condition no matter what shape its in. In either situation the sale could be on an as is where is basis.
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In a nutshell I believe the term as is where is simply means that the buyer will inherit all of the physical and legal conditions of the foreclosed property they are going to buy.
. Basically as is where is means that consumers are getting what they are seeing where they are seeing it. Basic concept of expression As is where is basis. As Is Where Is Basis.
Before the commission was established the Government decided that that ex-military equipment would be offered to other government agencies before being made available to the public that. When that term is used it implies the. It is expressly acknowledged and agreed by Purchaser that no representations or warranties of any kind have been made by Vendor to Purchaser with.
The Court held that the condition as is whereas basis does not mean that property may not be in existence at all. Therefore if a property is being sold on an as is where is basis this means that it is being sold in its current condition whatever this condition happens to be. Sale under SARFAESI is governed by terms and conditions of sale forming.
State of Karnataka 17 where the land was sold to the petitioner on as is where is basis comprising High Tension or High Voltage electricity lines passing through each of the. I sometimes see that phrase-as is where is. As the buyer you.
In the matter of Mandava Krishna Chaitanya the Honble HC of Hyderabad for the State of Telangana and Andhra Pradesh has held that the concept of as is where is and as is. As the one buying the property you are deemed. Dear Agyemang Sale of vehicles could be by auction or private treaty.
The Purchaser is treated as having notice of the actual state and condition of the Property as regards access repair light air drainage and all other respects and is deemed to. This principle places the risks. The Court held that the condition as is whereas basis does not mean that property may not be in existence at all.
Any seller can put that phrase in a contract. Properties of the borrower were taken into possession by the Bank followed by auction notices for sale of the properties. Any buyer should condition their.
The as is where is clause stems from an English legal doctrine known as the caveat emptor rule which in Latin means let the buyer beware. However when coming across such advertisements you would have noticed a clause stating as is where is basis however did you ever wonder what this means. Any asset sold under the SARFAESI Act is sold on as is where is and as is what is basis unless specified otherwise.
Raghu Nath Gupta 2012 8 SCC 197 was referred to which states We may reiterate that after having accepted the offer of the commercial plots in a public auction with a. It only means whatever the condition of the property on. It only means whatever the condition of the property on the spot.
What is the definition of the As is where is basis property. It may or may not work or have hidden defects. It is real estate.
Sort Recommended Charlton Claxton Studied Business at Georgia Southern University 3 y As Is Where Is usually means you are. It isnt going anywhere.
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