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An estoppel certificate establishes the current status of the lease terms for a third party. Generally, the certificate requests that the Tenant verify that the rent is current or whether the Tenant has any potential claims against the Landlord.
How to Obtain an Estoppel Certificate (4 steps) Meet with the Tenant. Obtain the Original Lease. Make Copies of Last Three Months' Rent. Get the Estoppel Notarized.
An example is if a landlord verbally agreed to let a tenant keep a pet on the rental property, the tenant should include that detail in the estoppel certificate so that the buyer is aware of this privilege.
An estoppel letter should include the current homeowner's name, property address, and financial obligations (such as monthly dues and upcoming special assessments).