Tenant Estoppel

A Tenant Estoppel constitutes a statement by the tenant as to the current condition of the parties’ obligations under a lease agreement. It sets forth the amount of rent, the term of lease remaining, whether there are any extension or purchase rights, and whether either party is in default of its obligations under the lease. This information is extremely important when a potential purchaser is interested in buying the property, at which point he will step into the shoes of the former owner as landlord and be subject to the pre-existing rights and obligations under the lease.

Price: $60