Tenant Estoppel Certificate

A Tenant Estoppel Certificate is a legal document used in commercial real estate transactions. Key aspects include:

1. Signed by a tenant to confirm lease details

2. Verifies the current status of the lease agreement

3. Typically requested by landlords, buyers, or lenders

4. Contains information such as:

   – Lease terms and duration

   – Rent amount and payment status

   – Security deposit details

   – Any modifications to the original lease

   – Existence of any disputes or defaults

5. Serves as evidence of the tenant’s rights and obligations

This certificate is crucial in property sales or refinancing, as it provides assurance to potential buyers or lenders about the status of existing leases. It prevents tenants from later claiming different lease terms or conditions. For tenants, it’s an opportunity to document any landlord obligations or promises. The certificate is typically binding, so tenants should review it carefully before signing. While primarily used in commercial real estate, it may occasionally be used in residential transactions involving multi-unit properties.