Contracts
What is an 'as-is' clause in a Nevada purchase agreement and does it eliminate all seller disclosure requirements?
AAn as-is clause eliminates all seller obligations, including disclosure
BAn as-is clause means the buyer accepts the property in its present condition, but sellers in Nevada are still required to complete the Seller's Real Property Disclosure form and disclose known material defects — as-is does not mean 'no disclosure'✓ Correct
CAn as-is clause is only valid for foreclosure properties in Nevada
DAn as-is clause gives the buyer the right to cancel without any inspection
Explanation
An 'as-is' clause shifts the risk of unknown defects to the buyer, but it does NOT eliminate the seller's obligation to disclose known material defects in Nevada. Sellers must still complete the Seller's Real Property Disclosure form. As-is means the seller will not make repairs, but the seller cannot hide or fail to disclose what they know. An as-is clause combined with deliberate concealment of known defects can still constitute fraud in Nevada.
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