Florida's most-used purchase contract, and 'AS-IS' doesn't mean what most buyers fear.
Under the AS-IS form the seller agrees to maintain the property in its current condition but takes on no repair obligation. The buyer's protection is the inspection period: cancel for any reason before it expires and the deposit comes back. In practice, buyers often use inspection findings to negotiate a credit or price reduction rather than cancel — the seller can agree, counter, or refuse.
The standard (non-AS-IS) FAR/BAR contract obligates the seller to repair certain categories of defects up to negotiated dollar caps. The AS-IS form replaced most of that mechanism in common practice because it is simpler: condition risk is handled through the inspection period and renegotiation instead of repair caps.
AS-IS does not eliminate seller disclosure duties. Florida law (the Johnson v. Davis line of cases) requires sellers to disclose known facts that materially affect the property's value and are not readily observable. An AS-IS clause is not a shield against failing to disclose known defects.
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