Document background
The As Is Residential Contract For Sale And Purchase is specifically designed for property transactions in India where the buyer agrees to purchase the property in its existing condition without requiring the seller to make repairs or improvements. This document is particularly useful in situations involving inherited properties, quick sales, or where the seller wishes to limit post-sale liability for property condition. The agreement complies with Indian property laws, including the Transfer of Property Act, Registration Act, and RERA requirements, while incorporating necessary provisions for clear title transfer, payment terms, and explicit acknowledgments of the property's condition. It includes mandatory disclosures required under Indian law while protecting the seller's interests through comprehensive "as is" disclaimers and buyer acknowledgments.
