Common use of VACANT POSSESSION Clause in Contracts

VACANT POSSESSION. a. The Assignee does not undertake to deliver vacant possession of the Property to the Purchaser. b. The Purchaser after the payment of the purchase price in full together with any compensation charges, costs and expenses thereon, if any, shall at his/her/its own costs and expenses take possession of the Property without any obligation on the part of the Assignee or its agent to give vacant possession. c. The Purchaser shall take the Property on an “as is where is basis” and shall not require the connection of water, electricity or other utilities thereto nor removal of any rubbish thereat. d. No warranty is given that the Property can be used for occupation and in the event of circumstances existing which prevent entry or occupation by the Purchaser, such circumstances shall not annul the sale or entitle the Purchaser to rescind the contract or claim a reduction in the purchase price or for damages.