{"id":17383,"date":"2023-06-09T15:00:00","date_gmt":"2023-06-09T19:00:00","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?p=17383"},"modified":"2024-10-22T15:00:13","modified_gmt":"2024-10-22T19:00:13","slug":"what-is-an-estoppel-certificate","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/what-is-an-estoppel-certificate\/","title":{"rendered":"What is an Estoppel Certificate?\u00a0"},"content":{"rendered":"\r\n

If you\u2019ve just checked your mail and received an estoppel certificate, it may seem convoluted and confusing. It can be tempting to recycle the certificate or simply sign it without knowing the full conditions of the agreement. Yet estoppel certificates are important legal documents that should be reviewed carefully. When disregarded, risks can emerge for you, your landlord, or a prospective buyer of the building you are renting in. It\u2019s important to know what an estoppel certificate is, if you need to sign it, and how to protect your rights as a tenant.<\/p>\r\n\r\n\r\n\r\n

What is an estoppel certificate?<\/h2>\r\n\r\n\r\n\r\n

An estoppel certificate is a legal document signed by a tenant that confirms the current terms of a lease<\/a>. The Black Law<\/a> Dictionary defines it as a \u201cwritten, signed stipulation of previously established facts preventing subsequent contradiction or recant of these facts.\u201d This certificate is most commonly used when the building is being sold or refinanced. It works to protect both the tenant and buyer of a property. The buyer or lender will perform due diligence and ensure that the tenants of the building are in good standing. They need to make sure there are no unwritten agreements between the tenants and landlord regarding rent, amenities, or access.<\/p>\r\n

What is the purpose of an estoppel certificate?<\/h2>\r\n\r\n\r\n\r\n

The estoppel certificate has multiple functions. It can clarify and confirm if the rent has been fully paid by the tenant or if the tenant has any claims against the landlord. It can also outline unwritten agreements between tenants and the landlord to ensure that these arrangements are respected in the future. In some cases, estoppel certificates can also be required if you are subletting your apartment.<\/p>\r\n

What does an estoppel certificate contain?\u00a0<\/h2>\r\n

Common things included<\/a> in an estoppel certificate are:<\/p>\r\n\r\n\r\n\r\n