Can anyone explain tenant estoppels? Also does anyone have an example template I could use?
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answered 2012-01-11 14:21:39 -0500
Tenant estoppels are used when a building is sold. It help guarantee to the buyer that the reported rents are correct and that the seller has not made any side deals.
Here is a template tenant estoppel certificate. You will need to reformat this.
TENANT ESTOPPEL CERTIFICATE This Tenant Estoppel Certificate is given by (“Tenant”), who leases space from (the ”Landlord”) pursuant to that Lease Agreement dated , (the “Lease”). Unless otherwise noted as an exception in Section 10, Tenant hereby certifies as follows:
Tenant: Name and type of entity By: ______________
Signature and title Date:
Asked: 2012-01-11 13:56:15 -0500
Seen: 97 times
Last updated: Jan 11 '12