What Is the FAR/BAR As-Is Contract?
The FAR/BAR As-Is Residential Contract for Sale and Purchase is the as-is version of the Florida real estate contract issued and approved by the joint committee of Florida Realtors® and The Florida Bar. It is also known as the FR/BAR As-Is contract. The form is officially licensed for use in Alta Star Forms Online.
The as-is contract is used when a property is being sold in its current condition, without the seller being required to make repairs. It is one of the most commonly used contract forms for residential real estate transactions in Florida.
How the As-Is Provision Works
Under the FAR/BAR As-Is contract, the buyer accepts the property in its present condition, subject to a satisfactory inspection. If the buyer is not satisfied with the results of the inspection, the buyer may cancel the contract and receive a refund of deposits, provided cancellation occurs within the number of days specified in the contract (typically 10 or 15 days).
This arrangement benefits both parties: sellers limit their liability for repairs, while buyers retain the right to inspect the property and walk away if significant issues are discovered.
How It Differs from the Standard FAR/BAR Contract
The main difference between the standard FAR/BAR Contract and the As-Is version is how repairs are handled. In the standard contract, the seller may be required to make certain repairs. In the As-Is version, the seller is not obligated to pay for repairs, but the buyer has the right to cancel after inspection.
Both contracts share many of the same provisions, including clauses for financing contingencies, evidence of title, closing procedures, and dispute resolution.
Key Provisions
- As-is sale with buyer's right to inspect and cancel
- Financing contingencies and loan approval terms
- Evidence of title requirements
- Closing and occupancy procedures
- Riders and addenda for condominiums, homeowner associations, and other specific situations
- Dispute resolution provisions
Using the FAR/BAR As-Is Contract in Alta Star Forms Online
Alta Star Forms Online is officially licensed to provide the FAR/BAR As-Is contract and related Florida real estate forms. The forms are kept current with the latest revisions from Florida Realtors® and The Florida Bar. To see all included forms and recent updates, visit the Form Sets page.
Before choosing this or any other form, obtain legal advice to ensure the form is appropriate for your transaction.
The FAR/BAR As-Is contract is also known as FR/BAR As-Is contract, FAR/BAR As-Is form, or Florida As-Is residential contract.
FAR Forms are also known as Florida Realtors® Forms.