In evaluating the feasibility and profitability of a potential investment, it’s crucial for a prudent buyer to conduct a comprehensive review of all property leases. Such an examination allows the ...
In most every acquisition of a commercial property, the prospective buyer (and the prospective buyer’s lender) will require that the property’s tenants execute an instrument confirming various terms ...
A recent California case highlights the unreliability of tenant estoppel letters. Frequently, purchasers and lenders will condition their deals on receiving tenant estoppel letters setting forth the ...
If you’re a renter of a multifamily property that has recently been sold, you may have been handed an estoppel certificate by your landlord for the first time and asked to sign it. If you’ve never ...
Although commercial lending requirements have relaxed a bit over the past few years, the most recent banking crisis continues to have a lingering effect on commercial real estate transactions which, ...
Estoppel certificates are often the source of much angst for both lenders and borrowers in the context of closing a commercial mortgage loan. Where the collateral property relies upon commercial ...
With props to Rodney Dangerfield, some legal documents just don’t get no respect—or at least are not regarded with the importance deserved. That innocuous looking two-page form that the landlord just ...
Q: I own a single-family home that has current tenants (their lease is almost up), and I’m selling it. My lawyer gave me a paper called an estoppel certificate, and asked me to give it to the tenants ...
Question: The building I live in is being sold and the manager gave me an estoppel agreement to sign. What is it for? Should I sign it? Answer: An estoppel agreement is a document that details a host ...
Over the life of any lease, the property owner may obtain mortgage financing, or even sell its position, several times. If the lease is a ground lease, the tenant will probably also do the same. Each ...
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