Right of Access Clauses: Contract for Real Property are clauses in a contract that allow one or both parties to have access to the real property in question. This access may be to inspect the property, make repairs, or make use of the property for business purposes. These clauses typically include language that defines what kind of access is allowed, what parties are allowed to access the property, how often access is allowed, and other restrictions that may be in place. There are several types of Right of Access Clauses: Contract for Real Property, including exclusive access clauses, limited access clauses, and shared access clauses. Exclusive access clauses allow only one party to access the property, while limited access clauses allow only specified parties to access the property. Shared access clauses allow both parties to access the property.
Right of Access Clauses: Contract for Real Property
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FAQ
In real estate contracts, there are contract clauses that outline the terms of the agreement and responsibilities of each party. The contract clauses address all aspects of the sale terms and are legally binding once both parties sign the document.
A warranty disclaimer ? also called an ?as is? disclaimer ? is a document or statement distributed to inform consumers that a business does not accept liability for issues with their product or services.
Tenant shall have access to the Premises twenty four (24) hours per day, three hundred sixty five (365) days per year, including normal business holidays. Access to the Premises shall be deemed available if a willing and able employee of Tenant can gain entrance to the Premises through a legal entryway.
Proposed clause: The Seller is selling this property in ?As Is? condition. Buyer acknowledges and agrees that Buyer is accepting the Property ?As Is? without any warranties, representations or guarantees, either expressed or implied, of any kind, nature or type whatsoever from or on behalf of the Seller.
An option to purchase agreement gives a home buyer the exclusive right to purchase a property within a specified time period and for a fixed or sometimes variable price.
"As Is" alerts a buyer in a sales contract that they accept the purchased item, be it real estate, animals, automobiles or appliances, in its present condition. It also assumes the buyer has a right to inspect the property first so they can assess any defects and make an informed decision.
?As is? refers to a term used in sales contracts where the buyer agrees to buy a product in its current condition, without legal recourse should the buyer discover a defect in the product after purchase.
For example, a seller of a used automobile sells it to a buyer, and puts into the contract of sale the statement: "The buyer accepts the automobile as is, with all faults." Two minutes after the buyer drives off with it, the car stalls, and the engine seizes.
