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The As Is Offer To Purchase (Real Estate) is a specialized contract used in Canadian real estate transactions when a property is being sold without warranties or representations about its condition. This document is particularly relevant in situations involving distressed properties, estate sales, foreclosures, or when sellers wish to limit their post-sale liability. The agreement explicitly states that the buyer accepts the property's current condition, including any visible or hidden defects. It's governed by Canadian federal and provincial real estate laws and requires careful attention to local jurisdiction requirements. The document typically includes comprehensive property details, purchase terms, buyer acknowledgments of property condition, and specific provisions protecting the seller from future claims related to property condition. This type of agreement is increasingly common in competitive real estate markets where buyers are willing to accept properties "as is" to secure the purchase.

1. Parties: Identifies and provides full legal names and addresses of the buyer(s) and seller(s)

2. Background: Establishes the context of the transaction and confirms the seller's ownership of the property

3. Definitions: Defines key terms used throughout the agreement including Property, Closing Date, Purchase Price, and Deposit

4. Property Description: Detailed legal description of the property including municipal address and legal land description

5. Purchase Price and Deposit: Specifies the total purchase price, deposit amount, deposit payment terms, and balance due on closing

6. As Is Condition: Explicitly states that the property is being sold 'as is, where is' with no warranties or representations from the seller

7. Buyer Acknowledgment: Buyer's confirmation of property inspection opportunity and acceptance of current condition

8. Closing Date and Possession: Specifies the closing date, time of possession, and any holdover provisions

9. Closing Adjustments: Details adjustments for property taxes, utilities, and other pro-rated items

10. Due Diligence Period: Specifies the period allowed for buyer's inspections and investigations

11. Conditions Precedent: Lists any conditions that must be satisfied before the agreement becomes firm

12. Default and Remedies: Outlines consequences and available remedies if either party defaults

13. Notices: Specifies how and where formal notices under the agreement must be delivered

14. Governing Law: Confirms that the agreement is governed by Canadian law and the specific province's laws