“As Is Sale” in New Jersey Help

[Christopher Veljkovic]

What does “As Is Sale” really mean in NJ?

The Situation:

A tenant is offering to purchase duplex in Essex county NJ. I don’t mind selling it, however, I do not want to put any more money into repairs. The home is in working order, cosmetically not so nice but the mechanics are solid. So, after we determine the price:

•How do I relinquish all liability of the home during the sale and even in the future?

•Is there a certain contract that a real-estate attorney can put together or a template already in place?

Also, if the tenant is going for a mortgage, I’m sure that the mortgage company is going to have certain things taken care such as oil tanks in the ground and any other requirements in order to finalize a sale. How do I avoid this and have the tenant/purchaser assume all responsibility?

Not sure if these are the right questions but some direction would be greatly appreciated!

Thanks and stay safe!