"Form of Tenant Estoppel Certificate" is a American Lawyer Media form. This is a tenant estoppel certificate form.
Massachusetts Form of Tenant Estoppel Certificate
State:
Multi-State
Control #:
US-TE600
Format:
Word;
PDF;
Rich Text
92 downloads
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FAQ
What is an estoppel certificate? 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.
An estoppel certificate is a legally binding document whereby a tenant represents or promises certain things regarding its lease or rental agreement to be true.
An estoppel certificate is also referred to as an estoppel letter, an estoppel agreement, a rental information questionnaire, estoppel, or a tenant rental information declaration.
An estoppel certificate gives a third party information about the relationship between a landlord and a tenant. Usually, the third party is someone thinking about buying the real property owned by the landlord, or a lender who is going to be secured by an interest in the third party.
An estoppel certificate is typically requested when the owner of a multifamily property is either selling or refinancing the property. It's an important piece of a buyer or lender's due diligence. A property owner may be required to request an estoppel certificate from their tenants when they're selling the property.
The undersigned, _____________ ("Tenant"), hereby certifies to _________________, as follows: 1. Attached hereto is a true, correct and complete copy of that certain lease dated, _____, between ("Landlord") and Tenant (the "Lease"), regarding the premises located at (the "Premises").
Estoppel by Deed: This type of estoppel prevents a person from denying the truth of any fact stated in a deed they have executed. Equitable Estoppel: This form of estoppel prevents someone from taking a legal position that is contrary or inconsistent with their previous stance if doing so harms the other party.
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.