What is an estoppel certificate?
An estoppel certificate is a document used in California property law. It is used to ascertain the terms and conditions of a lease or rental agreement, and acts as a written confirmation of such terms and conditions. Generally, an estoppel certificate is requested by a landlord, tenant, or buyer in order to verify the accuracy of information related to the lease or rental agreement. The estoppel certificate is an important document for both parties involved in a lease or rental agreement. It acts as a safeguard for a landlord or tenant in the event that any disputes arise between the parties involved. It also allows for a prospective buyer or loan provider to verify the terms and conditions of a lease or rental agreement to ensure accuracy and completeness of the agreement. In California, the estoppel certificate must be signed by both the landlord and tenant, and must include a copy of the entire rental agreement. In addition to the rental agreement, the certificate must include the name of the landlord, the tenant, the amount of rent paid, the balance of rent paid and due, the length of the lease, the date of the agreement, the address of the rental unit, and any other provisions of the agreement. The estoppel certificate is meant to protect the interests of both parties involved in the lease or rental agreement. It is important for both parties to ensure that the information included in the certificate is accurate and that all terms and conditions of the agreement are well understood before signing the certificate. Failure to do so could leave either party open to legal action and potential liability.
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