In commercial real estate it’s not uncommon to come across estoppel certificates, especially when a property is being sold? What are they, and why do landlords require them?
Estoppel certificates are documents required by lenders to assure the rights of all parties involved are properly documented. An estopped certificate is a certification from a landlord and a tenant that outlines the terms and conditions of the lease.
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Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should not rely solely on this information. We encourage our clients to work with a lawyer experienced in commercial and/or residential real estate matters as they can be complicated and confusing.
