What is an estoppel certificate?

An estoppel certificate is an important legal document in North Carolina property law. It is used to verify the accuracy of particular statements and is commonly requested when a property is being sold or leased. The document is signed by the current owner or tenant of a property and certifies that the information in the document is accurate and up to date. An estoppel certificate typically requires the signer to attest to the following: • The amount of rent that the tenant currently pays; • The status of any security deposits held by the landlord; • The existence of any leases or rental agreements; • The amount of current debt owed; • Any other contractual agreements related to the property. In North Carolina, an estoppel certificate can be revoked at any time. The signer can also request a copy of the document for their records. An estoppel certificate is an important tool for verifying information related to a property and protecting the interests of all parties involved in the transaction. It helps ensure that all parties have the same information and that no one is being misled or taken advantage of.

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What is an estoppel certificate?

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