29Nov
If you're a renter and your landlord is putting the building up for sale, they might ask you to sign a document, which is an "Estoppel Certificate." Besides having the normal concerns about the building being sold, you would probably want to know exactly what signing this document means.
Tenant Estoppel Certificate Explained
A tenant estoppel certificate is a legal agreement that is used when the owner is going to sell or refinance the rental property. It lets the bank, or any potential buyers of the rental property know about the rights and privileges that any of the current tenants have. This can include information about what existing tenants are entitled to, such as the following:
What to Do if your Landlord Gives You a Tenant Estoppel Certificate
If your landlord sends an estoppel certificate your way, then you will probably only have a few days to complete it. You will have to act fast, but at the same time you don't want to rush and sign it without understanding the significance of the document. Here are some things to keep in mind:
Talk to a Tenants' Rights Attorney about Tenant Estoppel Certificates
Confused about tenant estoppel certificates? Don't be. Get clarification from a tenants' rights attorney. An experienced Wolford Wayne attorney can help you determine whether property restrictions may apply after some no-fault evictions and can sort out additions to certificates. Contact us today.
For more information or to discuss your legal situation, call us today at (415) 649-6203 for a phone consultation or submit an inquiry below. Please note our firm can only assist tenants residing in San Francisco, Oakland & Berkeley.