Definition, Meaning & Synonyms
asis
adverb
/ˈeɪˌsɪs/
Definition
In legal contexts, ‘asis’ refers to the condition in which a property is sold, without any guarantees or warranties regarding its condition and functionality.
Examples
- The house was sold asis, meaning the new owners would need to handle any repairs themselves.
- When purchasing a used car, always check its condition, especially if it’s being sold asis.
- The seller specified that the equipment would be transferred asis, so the buyer should inspect it before signing.
Meaning
The term signifies that the buyer accepts the property ‘as is’ without any changes or fixes made by the seller.
Synonyms
- in its current state
- without changes
- as is
