What is an estoppel certificate?

An estoppel certificate is a legal document used in property law in Massachusetts. It is a document that helps to verify facts about a real estate property, such as the tenure, rent amount, and any other outstanding details. The certificate is signed by both the landlord and tenant and is typically requested by a lender during the closing of a sale or refinancing. It certifies that the statements made are true and binding on the tenant or landlord, thereby preventing them from denying the statements in the future. By signing the certificate, the tenant or landlord estops, or legally prevents, themselves from saying that the information in the document is incorrect. Estoppel certificates are useful for confirming details that may not be included in the lease agreement, such as the rent amount, or ensuring that both parties agree on the same terms. Estoppel certificates can help to avoid discrepancies between the tenant and landlord when it comes to a property, and can be a valuable asset during property transactions.

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What is an estoppel certificate?

What is an estoppel certificate?

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