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In this tutorial, Spencer Burton introduces Ron Rohde, a legal contributor from Ronald Rohde Law, who explains the tenant estoppel letter for commercial real estate purchases. This document serves as a simple yet vital confirmation from the tenant, assuring the buyer that the lease is valid and payments are being made. It outlines the lease terms, including extension or renewal rights, and establishes privity between the tenant, buyer, lender, and other parties not involved in the original lease. Ron also discusses the requirements for tenant responses as indicated in the lease, highlighting the scope of the estoppel letter.