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Updated almost 14 years ago,
"As-is" clause
I recently went to renew my commercial lease that I've had for many years. After some haggling about things we settled on an agreed price and some minor improvements to the property.
When I got the lease it's full of AS-IS verbiage that was never here before. "....lessor makes no warranties....condition of premises....including without limitation those relating to structure, systems, components of.....air quality....no obligation to construct, remodel, repair or improve.....except as set forth...."
It seems as if signing this puts any and all responsibilities on me for any damages or repairs required. I'm not certain this would be legal even in renting a commercial building. If the roof collapses (as it did on a related property) it would appear I'm totally on my own here.
Am I over thinking this??