What is an estoppel certificate?

An estoppel certificate is a document completed by a tenant confirming important information about an existing lease. It typically verifies items such as rent, lease term, security deposits, and whether there are any known disputes with the landlord.

Estoppel certificates are commonly requested during the sale or financing of income-producing commercial properties because they help verify information directly with the tenant.

If you’re purchasing an occupied commercial property, I’d be happy to explain where estoppel certificates fit into the due diligence process.