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The As Is Where Is Basis Deed of Sale is a crucial document in Canadian real estate transactions where the seller wishes to transfer property without providing warranties about its condition or future performance. This document is particularly relevant in situations involving distressed properties, foreclosure sales, estate sales, or when selling properties that may have known issues or require significant renovation. The deed explicitly states that the buyer has inspected the property and accepts it in its current state, with all faults and defects, whether visible or not. It includes comprehensive property descriptions, condition reports, and buyer acknowledgments to ensure legal compliance while protecting the seller's interests. This type of deed is commonly used in commercial and industrial property transactions across Canada, where sophisticated buyers conduct thorough due diligence before purchase.
