By definition, an "as-is" space is an "enter at your own risk" type of lease. If it is something that would normally be covered by the Landlord, then yes, it is reasonable to assume that ownership would cover or split the cost. However, if it is an issue that is something that any tenant would be responsible for, then they must cover the cost. If they are a good tenant, it may be worth it to offer to amortize the cost of the issue into the life of their lease so that the space isn’t damaged and it also remains occupied.
Jul 15, 2010