"Form of Tenant Estoppel Certificate" is a American Lawyer Media form. This is a tenant estoppel certificate form.
Texas Form of Tenant Estoppel Certificate
State:
Multi-State
Control #:
US-TE600
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FAQ
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.
The term estoppel refers to a legal principle that prevents someone from arguing something or asserting a right that contradicts what they previously said or agreed to by law. Put simply, estoppel prevents one person from contradicting an action or statement from the past.
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.
?The purpose of an estoppel statement is twofold: (1) to give a prospective purchaser or lender information about the lease and the leased premises and (2) to give assurance to the purchaser or lender that the les- see at a later date will not make claims that are inconsistent with the statements contained in the ...
In short, an estoppel letter ? sometimes known as an estoppel certificate ? is a document signed by a tenant stating the current status of their lease in association with that property. In the estoppel letter, the tenant usually confirms details of the lease, including the rent amount and security deposit for example.
An example of promissory estoppel might be applied in a case where an employer makes an oral promise to an employee to pay the employee a specified monthly or annual amount of money throughout the full duration of the employee's retirement.
