A North Carolina Estoppel Affidavit is a legal document used to provide proof of a certain fact or set of facts related to a real estate transaction or dispute. It is a sworn statement, signed by a party to a transaction or dispute, that outlines the parties’ rights and obligations under the transaction or dispute. The affidavit is used to bind the parties to their rights and obligations, and to prevent them from later denying any facts stated in the affidavit. There are two types of North Carolina Estoppel Affidavits: Short Form and Long Form. The Short Form is used for transactions involving only one party, while the Long Form is used for transactions involving multiple parties. Both forms require the signature of the party or parties making the statement, and a notary public.
North Carolina Estoppel Affidavit
Description
How to fill out North Carolina Estoppel Affidavit?
Drafting legal documents can be quite a hassle if you lack readily available fillable templates. With the US Legal Forms online repository of official paperwork, you can trust the forms you acquire, as all of them adhere to federal and state regulations and are vetted by our specialists.
Obtaining your North Carolina Estoppel Affidavit from our collection is as effortless as 1-2-3. Previously authorized users with an active subscription only need to Log In and hit the Download button after locating the right template. Later, if necessary, users can select the same form from the My documents section of their account. However, even if you are new to our service, registering with a valid subscription will only take a few moments. Here’s a quick guide for you.
Haven’t you experienced US Legal Forms yet? Register for our service now to acquire any official document swiftly and effortlessly whenever you require it, and keep your paperwork organized!
- Document compliance verification. You should thoroughly review the content of the form you desire and confirm whether it meets your requirements and adheres to your state law stipulations. Previewing your document and checking its general overview will assist you in doing just that.
- Alternative search (optional). If you encounter any discrepancies, explore the library using the Search tab at the top of the page until you discover a fitting template, and click Buy Now when you identify the one you seek.
- Account creation and form acquisition. Establish an account with US Legal Forms. After verifying your account, Log In and select the subscription plan that suits you best. Make a payment to proceed (options for PayPal and credit cards are available).
- Template download and subsequent use. Select the file format for your North Carolina Estoppel Affidavit and click Download to save it on your device. Print it to fill out your documents manually, or utilize a multi-featured online editor to create an electronic version more quickly and efficiently.
Form popularity
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.
Understanding Promissory Estoppel The doctrine prevents the promisor or enterprise from going back on their word or promise. For example, a vendor makes an oral promise to the customer to replace the goods if they do not fit the customer size requirements. The customer purchases the clothes and takes them home.
Types of estoppel include collateral estoppel, equitable estoppel, and promissory estoppel. Estoppel certificates are commonly used in real estate and must be signed by tenants when the landlord is trying to conduct a transaction with the property.
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.
Estoppel is an equitable doctrine, a bar that prevents one from asserting a claim or right that contradicts what one has said or done before, or what has been legally established as true. Estoppel may be used as a bar to the re-litigation of issues or as an affirmative defense.
For instance, if a landlord agrees not to terminate a tenant's lease as long as the tenant spends money on improving the property, an estoppel certificate could prevent the landlord from going back on their word and terminating the lease, even when the promise may not have been written into a contract.
