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EXHIBIT C TENANT ESTOPPEL CERTIFICATE Date:, 20 Leases dated, as amended by, between, an Iowa (Landlord) and, a (Tenant) Premises: consisting of approximately rentable square feet Commencement Date:

How to fill out tenant estoppel certificate form

How to fill out a tenant estoppel:

1. Gather required information: Start by collecting all relevant information about the tenant, such as their legal name, contact details, lease agreement, and any additional documents that may be necessary.
2. Review the lease agreement: Carefully review the tenant's lease agreement to understand the terms and conditions of their tenancy. Make note of any important clauses, such as rent amount, lease duration, and renewal options.
3. Complete the estoppel form: Usually provided by the landlord or property management company, the estoppel form is a standard document that requires various details from the tenant. Fill out the form accurately and ensure all information is up to date.
4. Tenant's contact information: Include the full legal name of the tenant, address of the leased property, and contact information such as phone number and email address. This will enable the landlord or property owner to easily reach out if needed.
5. Lease details: Enter the start and end date of the lease agreement. Include any renewal options or extensions that the tenant may have.
6. Rent and payment details: State the current rent amount and specify the frequency of rental payments (e.g., monthly, quarterly). Also, provide any additional details related to rent, such as security deposits, late fees, or any outstanding balances.
7. Maintenance and utilities: Indicate if the tenant is responsible for any maintenance or utility expenses as per the lease agreement. This may include water, electricity, heating, or any other relevant utilities.
8. Other important terms: Highlight any other crucial information mentioned in the lease agreement, such as parking arrangements, pet policies, arrears, or any specific requirements or restrictions.
9. Sign and date the estoppel form: Once all the required information has been accurately filled out, sign and date the estoppel form. By doing so, you confirm that the provided details are true and accurate to the best of your knowledge.

Who needs tenant estoppel?

1. Landlords and property owners: Tenant estoppel is most commonly required by landlords or property owners who are planning to sell or refinance a property. It provides them with accurate information about the tenant's lease agreement, rent amount, and any other contractual obligations that may impact the property's value.
2. Potential buyers or lenders: Individuals or entities looking to purchase or provide financing for a property often require a tenant estoppel to evaluate the lease agreements and obligations of existing tenants. This information helps them make informed decisions about the property's profitability and potential risks.
3. Real estate agents and brokers: Professionals involved in property transactions, such as real estate agents and brokers, may need tenant estoppels to facilitate the sale or financing of a property. It allows them to provide comprehensive information to their clients and ensure a smooth transaction process.

Overall, tenant estoppels play a crucial role in providing transparency and clarity about the terms and conditions of a tenant's lease agreement. It benefits both landlords and potential stakeholders in making informed decisions related to property transactions.

People Also Ask about

Is estoppel same as lease agreement?

An estoppel certificate is a statement signed by a tenant that a commercial lease agreement exists, that specific facts of the agreement are valid, that no defaults exist and that they agree to pay rent on a particular date to the landlord.

What is an example of estoppel?

Estoppel can be understood by considering examples such as the following: A city entered into a contract with another party. The contract stated that it had been reviewed by the city's counsel and that the contract was proper. Estoppel applied to estop the city from claiming the contract was invalid.

What does tenant estoppel mean?

An estoppel certificate establishes the current status of the lease terms for a third party. Generally, the certificate requests that the Tenant verify that the rent is current or whether the Tenant has any potential claims against the Landlord.

What is an estoppel letter in Wisconsin?

An estoppel letter is a written statement from a tenant that benefits third parties, such as a prospective buyer or lender, that are not privy to the landlord/tenant relationship. Such a letter typically is requested when a multitenant property owner is selling or obtaining financing.

What is a form of estoppel?

Types of estoppel include collateral estoppel, equitable estoppel, and promissory estoppel. Estoppel certificates are commonly used in real estate and must be signed by tenants when the landlord is trying to conduct a transaction with the property.

What is an example of estoppel in real estate?

For instance, if a landlord agrees not to terminate a tenant's lease as long as the tenant spends money on improving the property, an estoppel certificate could prevent the landlord from going back on their word and terminating the lease, even when the promise may not have been written into a contract.

For pdfFiller’s FAQs

What is tenant estoppel?

Tenant estoppel is a legal document that confirms the terms of a lease agreement between a landlord and a tenant, usually required during property sales or refinancing.

Who is required to file tenant estoppel?

Typically, the landlord or property owner is required to file tenant estoppel in scenarios such as property sales or refinancing.

How to fill out tenant estoppel?

Tenant estoppel can be filled out by providing accurate information about the lease agreement, rental payments, and other relevant details as requested by the landlord or lender.

What is the purpose of tenant estoppel?

The purpose of tenant estoppel is to confirm the terms of a lease agreement, rental payments, and any other relevant details to provide assurance to potential buyers or lenders.

What information must be reported on tenant estoppel?

Tenant estoppel typically includes information such as lease terms, rental payments, security deposits, and any outstanding obligations between the landlord and tenant.

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