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The Estoppel Certificate protects you by confirming your lease terms, which ensures that no future claims can contradict what’s in writing and keeps your rights intact.
If you provide incorrect info, it could lead to legal troubles or disputes down the road. It’s best to double-check everything before you put your name on the line.
While you can express concerns or questions, refusing to sign might cause issues with your lease or your tenancy, so it’s usually best to address any worries directly.
Usually, the property owner or management will request the Estoppel Certificate when they are selling the property or looking for financing.
Signing an Estoppel Certificate helps ensure that the information about your lease is on the level and prevents any misunderstandings later on, especially if the property changes hands.
A Tenant Estoppel Certificate is a document where tenants confirm the details of their lease, like rent amount and lease terms, to give a clear picture to potential buyers or lenders.
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