Prior to the transfer of ownership of an office building, tenants will be presented with an Estoppel Agreement for signature by their landlord. There is often a limited time frame to return the signed Estoppel Agreement and pressure to do so from the landlord. However, tenants will be wise to study the Estoppel Agreement in detail, confirming its accuracy instead of blindly signing the paperwork submitted.
What is a Tenant Estoppel certificate and why is it so important? (more…)