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.require an estoppel certificate from all tenants so that they can be sure that there is not any dispute between tenants and the landlord over lease terms. When a landlord sells or refinances a property the. What is an estoppel certificate?
What exactly is a tenant estoppel?
It is an independent verification of the rent roll, and in essence, it is a promise of the future revenue stream to the potential buyer or lender. If a lease contains information about the necessity of an estoppel certificate, it will commonly state that the information outlined in an estoppel certificate is meant to be an accurate reflection of the current status of the lease. An estoppel certificate (or estoppel letter) is a document often used in due diligence in real estate and mortgage activities. An estoppel certificate is a signed statement of facts that cannot later be contradicted by the signer.
