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The As Is Home Purchase Agreement is a specialized real estate contract used in the Philippines when a property is being sold in its current condition without warranties or representations regarding its physical state. This document is particularly relevant when selling older properties, distressed properties, or in situations where the seller wants to limit their liability for property conditions. The agreement must comply with Philippine real estate laws, including the Civil Code, Maceda Law, and local property regulations. It typically includes detailed property descriptions, explicit acknowledgments of the property's condition, limited seller warranties, and comprehensive buyer due diligence provisions. This type of agreement is commonly used in foreclosure sales, estate sales, or when selling properties that may need significant repairs or renovation.

1. Parties: Identifies and provides complete details of the Seller and Buyer, including their legal names, addresses, and tax identification numbers

2. Background: Establishes the context of the sale, including brief property description and the parties' intention to enter into an 'as is' transaction

3. Definitions: Defines key terms used throughout the agreement, including 'As Is Condition', 'Closing Date', 'Purchase Price', and other relevant terms

4. Property Description: Detailed description of the property including exact address, boundaries, certificate of title number, and tax declaration details

5. Purchase Price and Payment Terms: Specifies the total purchase price, payment schedule, and method of payment

6. As Is Condition: Explicitly states that the property is being sold in its current condition, with buyer's acknowledgment of existing defects and conditions

7. Representations and Warranties: Limited warranties from seller and acknowledgments from buyer regarding the as-is nature of the sale

8. Due Diligence: Buyer's right to inspect and investigate the property condition within a specified period

9. Closing Requirements: Documents and actions required from each party to complete the transaction

10. Transfer of Title: Process and requirements for transferring property ownership

11. Taxes and Expenses: Allocation of transfer taxes, registration fees, and other transaction costs

12. Default and Remedies: Consequences of default by either party and available remedies

13. Governing Law: Specifies Philippine law as governing law and jurisdiction for disputes

14. Miscellaneous Provisions: Standard contract provisions including notices, amendments, and severability