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EXHIBIT B TENANT ESTOPPEL, 201 Re: Ladies and Gentlemen: The undersigned certifies to, and agrees with, you, and your respective successors and/or assigns (collectively, Lender), as of the date hereof

How to fill out tenant estoppel

How to fill out a tenant estoppel:

1. Gather necessary information: Start by collecting all the relevant information you need to fill out the tenant estoppel form. This may include the tenant's name, contact information, lease start and end dates, monthly rent amount, and any other specific details requested by the form.
2. Review lease agreement: It's important to thoroughly review the lease agreement between the tenant and the landlord. Understanding the terms and conditions of the lease will allow you to accurately complete the tenant estoppel form. Make sure to pay attention to any clauses related to rent payments, utilities, maintenance responsibilities, and any amendments or addendums.
3. Provide accurate payment history: One crucial section of the tenant estoppel form is the payment history. Be sure to provide an accurate record of all rent payments made to the landlord. Include the dates, amounts paid, and any outstanding balances if applicable. It's essential to be thorough and precise in this section to avoid any discrepancies.
4. Confirm lease terms: The tenant estoppel form may require you to validate the lease terms. This means verifying the lease start and end dates, as well as any renewal options or termination notice periods specified in the lease agreement. Double-check this information and provide the necessary confirmation in the designated section of the form.
5. Disclose any additional agreements: If there are any additional agreements or arrangements made between you and the landlord outside of the lease agreement, it's important to disclose them in the tenant estoppel form. These may include any modifications to the original lease, allowances, or concessions offered by the landlord. Include all relevant details to ensure the accuracy of the document.

Who needs tenant estoppel:

1. Property owners and landlords: Landlords typically require a tenant estoppel when they are planning to sell or refinance their property. This document provides crucial information about the tenant's lease terms, payment history, and any existing agreements. It allows the landlord to present an accurate picture of the rental property to potential buyers or lenders.
2. Prospective buyers and lenders: When purchasing or financing a property with existing tenants, buyers and lenders need to assess the lease agreements and other relevant information. The tenant estoppel provides them with a comprehensive overview of the tenant's obligations, lease terms, and any potential financial risks associated with the property.
3. Real estate professionals: Real estate agents or brokers involved in property transactions may also require a tenant estoppel to complete the necessary due diligence. It ensures that all parties involved have access to accurate and up-to-date information about the rental property and its tenants.

Overall, filling out a tenant estoppel form requires careful attention to detail and accurate information. It serves as a vital document for property owners, tenants, potential buyers, lenders, and real estate professionals involved in property transactions.

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What is tenant estoppel?

Tenant estoppel is a legal document used in the real estate industry to confirm key terms of a tenant's lease agreement, such as rent amount, lease duration, and any existing agreements or disputes.

Who is required to file tenant estoppel?

Typically, the landlord or property owner is responsible for requesting and filing a tenant estoppel, although the tenant is required to provide the necessary information and sign the document.

How to fill out tenant estoppel?

To fill out a tenant estoppel, both the landlord and tenant must complete their respective sections, providing accurate information about the lease agreement. The document is then signed and notarized by both parties.

What is the purpose of tenant estoppel?

The purpose of a tenant estoppel is to verify the current status of a tenant's lease agreement and ensure that all parties are in agreement about the terms and conditions of the lease.

What information must be reported on tenant estoppel?

Tenant estoppel typically includes details such as lease start and end dates, rent amount, security deposit, any outstanding rent or disputes, and any other relevant terms of the lease agreement.