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The Tenant Estoppel Certificate is used to confirm the terms and conditions of a lease or rental agreement between a landlord and tenant.
This certificate pertains to both lease agreements and month-to-month rental agreements, ensuring clarity on the type of occupancy.
The tenant certifies that they are in possession of the premises and have not assigned or sublet any part of it without disclosure.
The document specifies the current lease term, including its duration and expiration date, along with any renewal options.
It outlines the monthly rent amount, any incentives or discounts provided, and confirms whether future rent has been prepaid.
A security deposit amount is noted, which is held by the landlord to cover potential losses due to tenant breaches.
The certificate indicates that it will be relied upon by potential buyers or lenders regarding the property in question.
