Are estopple certificates used when buying commercial property that has current tenants? If not, what is?

In Buying Property - Asked by chris g. - Sep 29, 2009
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David C.
Property/Asset Manager
Dallas, TX

Yes, we've used them in past purchases and have it our current leases that the tenants must provide them upon request in the event of a sale

Sep 30, 2009
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Joel D.
Cincinnati, OH

An estoppel certificate is a document that certifies the lease that is in affect as well as any and all addendums. It is something that the incoming investor can rely on to ensure that what the seller provided in the due diligence relative to the leases are accurate.

Sep 30, 2009
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Gregory G.
San Francisco, CA

Yes, of course. Estoppel certifies the lease and rent.
Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531

Oct 23, 2009
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