ESTOPPEL CERTIFICATE
EFFECTIVE DATE: [DATE]
THIS ESTOPPEL CERTIFICATE (the "Certificate") is made and executed as of the date set forth above by the undersigned tenant (the "Tenant") for the benefit of the current landlord/owner (the "Landlord"), any prospective purchaser of the Property (as defined below), any lender or prospective lender secured or to be secured by the Property, and their respective successors and assigns (collectively, the "Relying Parties").
1. PROPERTY IDENTIFICATION
1.1 Property Description
The real property and improvements that are the subject of this Certificate (collectively, the "Property") are legally described as follows:
Street Address: [STREET ADDRESS]
Unit/Suite Number: [UNIT/SUITE NUMBER]
City: [CITY]
State: [STATE]
Zip Code: [ZIP CODE]
County: [COUNTY]
Legal Description: [LEGAL DESCRIPTION OF PROPERTY]
Tax Parcel ID Number(s): [TAX PARCEL ID NUMBER(S)]
1.2 Leased Premises
The portion of the Property leased by Tenant (the "Premises") consists of approximately [SQUARE FOOTAGE] square feet and is more particularly described as follows: [DETAILED DESCRIPTION OF LEASED PREMISES].
2. PARTIES IDENTIFICATION
2.1 Landlord/Owner
Legal Name: [LANDLORD'S LEGAL NAME]
Entity Type: [ENTITY TYPE (e.g., corporation, limited liability company, individual)]
Address: [LANDLORD'S ADDRESS]
Contact Person: [CONTACT PERSON]
Phone Number: [PHONE NUMBER]
Email Address: [EMAIL ADDRESS]
2.2 Tenant
Legal Name: [TENANT'S LEGAL NAME]
Entity Type: [ENTITY TYPE (e.g., corporation, limited liability company, individual)]
Address: [TENANT'S ADDRESS]
Contact Person: [CONTACT PERSON]
Phone Number: [PHONE NUMBER]
Email Address: [EMAIL ADDRESS]
3. LEASE INFORMATION
3.1 Original Lease Agreement
Tenant hereby certifies that it is the tenant under that certain lease agreement (the "Original Lease") dated [ORIGINAL LEASE DATE], by and between [ORIGINAL LANDLORD NAME] as landlord and [ORIGINAL TENANT NAME] as tenant, for the Premises described above.
3.2 Lease Amendments, Modifications, Extensions, and Renewals
Tenant hereby certifies that the Original Lease has been amended, modified, extended, or renewed as follows (collectively with the Original Lease, the "Lease"):
| Document | Date | Description of Changes |
|---|
| [AMENDMENT/MODIFICATION/EXTENSION/RENEWAL TITLE] | [DATE] | [BRIEF DESCRIPTION OF CHANGES] |
| [AMENDMENT/MODIFICATION/EXTENSION/RENEWAL TITLE] | [DATE] | [BRIEF DESCRIPTION OF CHANGES] |
| [AMENDMENT/MODIFICATION/EXTENSION/RENEWAL TITLE] | [DATE] | [BRIEF DESCRIPTION OF CHANGES] |
☐ Check here if no amendments, modifications, extensions, or renewals have been made to the Original Lease.
3.3 Complete Agreement
Tenant hereby certifies that the Lease (including all amendments, modifications, extensions, and renewals identified above) represents the entire agreement between Landlord and Tenant with respect to the Premises. Tenant further certifies that there are no other agreements, written or oral, affecting or relating to Tenant's lease of the Premises or any other portion of the Property.
3.4 Current Lease Term
Tenant hereby certifies the following with respect to the current term of the Lease:
Commencement Date: [COMMENCEMENT DATE]
Expiration Date: [EXPIRATION DATE]
Current Term Length: [TERM LENGTH (e.g., 5 years, 60 months)]
3.5 Renewal Options
Tenant hereby certifies that the Lease contains the following renewal or extension options:
☐ Tenant has the right to renew or extend the term of the Lease for [NUMBER] additional period(s) of [LENGTH OF RENEWAL TERM] each.
☐ Notice for exercise of renewal option must be provided to Landlord no earlier than [EARLIEST DATE FOR NOTICE] and no later than [LATEST DATE FOR NOTICE] prior to the expiration of the current term.
☐ Renewal rental rate is determined as follows: [DESCRIPTION OF RENEWAL RENTAL RATE CALCULATION].
☐ Tenant has already exercised the following renewal option(s): [DESCRIPTION OF EXERCISED RENEWAL OPTIONS].
☐ Tenant has no right or option to renew or extend the term of the Lease.
3.6 Lease Assignment/Sublease Status
Tenant hereby certifies the following with respect to assignments and subleases:
☐ Tenant has not assigned, transferred, or encumbered its interest in the Lease or sublet all or any portion of the Premises.
☐ Tenant has assigned, transferred, or encumbered its interest in the Lease or sublet all or a portion of the Premises as follows:
| Type of Transfer | Date | Transferee/Subtenant | Affected Portion of Premises | Landlord Consent Obtained (Y/N) |
|---|
| [ASSIGNMENT/SUBLEASE/ENCUMBRANCE] | [DATE] | [NAME OF TRANSFEREE/SUBTENANT] | [DESCRIPTION OF AFFECTED PORTION] | [YES/NO] |
4. FINANCIAL TERMS
4.1 Current Rent Amount
Tenant hereby certifies that the current rent payable under the Lease is as follows:
Base Rent: $[AMOUNT] per [MONTH/YEAR]
Payment Schedule: [PAYMENT SCHEDULE (e.g., monthly on the first day of each month)]
Current Payment Period: [CURRENT PAYMENT PERIOD]
4.2 Rent Payment Status
Tenant hereby certifies the following with respect to the status of rent payments:
☐ All rent and other charges have been paid through [DATE].
☐ Tenant is currently in arrears on rent or other charges in the amount of $[AMOUNT], representing [DESCRIPTION OF DELINQUENT AMOUNTS].
☐ Tenant has prepaid rent in the amount of $[AMOUNT], covering the period from [START DATE] through [END DATE].
4.3 Security Deposit
Tenant hereby certifies that:
☐ Landlord is currently holding a security deposit in the amount of $[AMOUNT].
☐ Interest has accrued on the security deposit in the amount of $[AMOUNT] as of [DATE].
☐ No security deposit is currently being held by Landlord.
4.4 Additional Rent Components
Tenant hereby certifies that, in addition to base rent, Tenant is obligated to pay the following additional amounts under the Lease:
| Type of Additional Rent | Current Monthly Amount | Payment Schedule | Basis for Calculation |
|---|
| Common Area Maintenance (CAM) | $[AMOUNT] | [PAYMENT SCHEDULE] | [CALCULATION BASIS] |
| Real Estate Taxes | $[AMOUNT] | [PAYMENT SCHEDULE] | [CALCULATION BASIS] |
| Insurance | $[AMOUNT] | [PAYMENT SCHEDULE] | [CALCULATION BASIS] |
| Utilities | $[AMOUNT] | [PAYMENT SCHEDULE] | [CALCULATION BASIS] |
| Other: [DESCRIPTION] | $[AMOUNT] | [PAYMENT SCHEDULE] | [CALCULATION BASIS] |
4.5 Rent Escalations
Tenant hereby certifies that the Lease provides for the following rent increases:
| Effective Date | New Base Rent Amount | Percentage Increase | Calculation Method |
|---|
| [DATE] | $[AMOUNT] | [PERCENTAGE]% | [DESCRIPTION OF CALCULATION] |
| [DATE] | $[AMOUNT] | [PERCENTAGE]% | [DESCRIPTION OF CALCULATION] |
| [DATE] | $[AMOUNT] | [PERCENTAGE]% | [DESCRIPTION OF CALCULATION] |
5. TENANT RIGHTS
5.1 Tenant Improvement Allowances
Tenant hereby certifies the following with respect to tenant improvement allowances:
☐ The Lease provided for a tenant improvement allowance in the original amount of $[AMOUNT].
☐ Landlord has disbursed $[AMOUNT] of the tenant improvement allowance as of [DATE].
☐ A balance of $[AMOUNT] remains available to Tenant under the tenant improvement allowance.
☐ The deadline for Tenant to use any remaining tenant improvement allowance is [DATE].
☐ No tenant improvement allowance was provided under the Lease, or all allowances have been fully disbursed and utilized.
5.2 Rights of First Refusal, Expansion Rights, and Purchase Options
Tenant hereby certifies the following with respect to special rights granted under the Lease:
☐ Tenant has the following rights of first refusal: [DESCRIPTION OF RIGHTS OF FIRST REFUSAL].
☐ Tenant has the following expansion rights: [DESCRIPTION OF EXPANSION RIGHTS].
☐ Tenant has the following option(s) to purchase: [DESCRIPTION OF PURCHASE OPTIONS].
☐ Tenant has no rights of first refusal, expansion rights, or options to purchase under the Lease.
5.3 Exclusive Use Rights
Tenant hereby certifies the following with respect to exclusive use rights:
☐ Tenant has been granted the following exclusive use rights: [DESCRIPTION OF EXCLUSIVE USE RIGHTS].
☐ Tenant has not been granted any exclusive use rights under the Lease.
6. LANDLORD OBLIGATIONS
6.1 Landlord's Unfulfilled Obligations
Tenant hereby certifies the following with respect to Landlord's obligations under the Lease:
☐ To Tenant's knowledge, Landlord has satisfied all of its obligations under the Lease through the date of this Certificate.
☐ Landlord has the following unfulfilled obligations under the Lease: [DESCRIPTION OF UNFULFILLED OBLIGATIONS].
6.2 Maintenance Responsibilities
Tenant hereby certifies that the maintenance responsibilities under the Lease are allocated as follows:
| Maintenance Item | Responsible Party | Special Provisions |
|---|
| Structural components | [LANDLORD/TENANT] | [SPECIAL PROVISIONS] |
| Roof | [LANDLORD/TENANT] | [SPECIAL PROVISIONS] |
| HVAC systems | [LANDLORD/TENANT] | [SPECIAL PROVISIONS] |
| Plumbing | [LANDLORD/TENANT] | [SPECIAL PROVISIONS] |
| Electrical systems | [LANDLORD/TENANT] | [SPECIAL PROVISIONS] |
| Interior non-structural components | [LANDLORD/TENANT] | [SPECIAL PROVISIONS] |
| Common areas | [LANDLORD/TENANT] | [SPECIAL PROVISIONS] |
| Exterior areas | [LANDLORD/TENANT] | [SPECIAL PROVISIONS] |
| Other: [DESCRIPTION] | [LANDLORD/TENANT] | [SPECIAL PROVISIONS] |
7. COMPLIANCE STATUS
7.1 Lease Defaults
Tenant hereby certifies the following with respect to defaults under the Lease:
☐ To Tenant's knowledge, neither Landlord nor Tenant is currently in default under the Lease.
☐ Tenant is currently in default under the Lease as follows: [DESCRIPTION OF TENANT DEFAULT].
☐ To Tenant's knowledge, Landlord is currently in default under the Lease as follows: [DESCRIPTION OF LANDLORD DEFAULT].
☐ The following notices of default have been issued under the Lease: [DESCRIPTION OF DEFAULT NOTICES].
7.2 Pending Claims/Disputes
Tenant hereby certifies the following with respect to claims and disputes:
☐ There are no pending claims, disputes, or actions between Landlord and Tenant relating to the Lease or the Premises.
☐ The following claims, disputes, or actions between Landlord and Tenant are currently pending: [DESCRIPTION OF PENDING CLAIMS/DISPUTES/ACTIONS].
7.3 Compliance with Laws
Tenant hereby certifies the following with respect to compliance with laws:
☐ To Tenant's knowledge, the Premises are in compliance with all applicable federal, state, and local laws, codes, ordinances, rules, and regulations.
☐ To Tenant's knowledge, the Premises are not in compliance with the following applicable laws, codes, ordinances, rules, or regulations: [DESCRIPTION OF NON-COMPLIANCE].
8. PROPERTY CONDITION
8.1 Current Property Condition
Tenant hereby certifies the following with respect to the current condition of the Premises:
☐ The Premises are in good condition and repair, ordinary wear and tear excepted.
☐ The Premises have the following defects or require the following repairs: [DESCRIPTION OF DEFECTS OR NEEDED REPAIRS].
8.2 Environmental Issues
Tenant hereby certifies the following with respect to environmental issues:
☐ To Tenant's knowledge, there are no hazardous materials or environmental issues affecting the Premises.
☐ To Tenant's knowledge, the following hazardous materials or environmental issues affect the Premises: [DESCRIPTION OF ENVIRONMENTAL ISSUES].
9. THIRD-PARTY INTERESTS
9.1 Subordination Status
Tenant hereby certifies the following with respect to subordination:
☐ The Lease is subordinate to all existing and future mortgages, deeds of trust, and other security instruments encumbering the Property.
☐ The Lease is not subordinate to existing or future mortgages, deeds of trust, or other security instruments encumbering the Property.
☐ Tenant has executed the following subordination, non-disturbance, and attornment agreements: [DESCRIPTION OF SNDAs].
9.2 Encumbrances
Tenant hereby certifies the following with respect to encumbrances:
☐ To Tenant's knowledge, there are no liens, encumbrances, or other third-party interests affecting Tenant's leasehold interest.
☐ Tenant's leasehold interest is subject to the following liens, encumbrances, or other third-party interests: [DESCRIPTION OF ENCUMBRANCES].
10. LEGAL PROVISIONS
10.1 Estoppel Certification Statement
Tenant hereby certifies that all information provided in this Certificate is true, correct, and complete in all material respects. Tenant acknowledges that the Relying Parties will rely on the information contained in this Certificate in connection with the purchase, financing, or refinancing of the Property. Tenant further acknowledges that this Certificate shall be binding upon Tenant and inure to the benefit of the Relying Parties and their respective successors and assigns.
10.2 Reliance Clause
This Certificate may be relied upon by (i) the current Landlord, (ii) any prospective purchaser of the Property or any interest therein, (iii) any lender or prospective lender secured or to be secured by the Property or any interest therein, and (iv) their respective successors and assigns.
10.3 Governing Law
This Certificate shall be governed by and construed in accordance with the laws of the State of [STATE] without giving effect to any choice or conflict of law provision or rule that would cause the application of laws of any other jurisdiction.
10.4 Non-Modification Clause
This Certificate does not modify, amend, or change the terms of the Lease in any respect. In the event of any inconsistency between the terms of the Lease and the statements contained in this Certificate, the terms of the Lease shall control.
10.5 Authority to Execute
The individual executing this Certificate on behalf of Tenant represents and warrants that they are duly authorized to execute this Certificate on behalf of Tenant and that this Certificate is binding upon Tenant in accordance with its terms.
10.6 Counterparts and Electronic Signatures
This Certificate may be executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Electronic signatures, including facsimile or scanned signatures, shall be deemed original signatures for all purposes.
10.7 Severability
If any provision of this Certificate, or any portion thereof, is held to be invalid, illegal, void, or unenforceable by any court or tribunal of competent jurisdiction, the remainder of this Certificate shall remain in full force and effect to the maximum extent permitted by law. The parties agree that any such invalid, illegal, void, or unenforceable provision shall be modified and limited in its effect to the extent necessary to cause it to be enforceable, or if such modification is not possible, shall be deemed severed from this Certificate.
10.8 No Waiver
The execution of this Certificate by Tenant shall not constitute a waiver of any rights Tenant may have under the Lease against Landlord or any other party.
10.9 Further Assurances
Tenant agrees to execute such further documents and take such further actions as may be reasonably requested by any of the Relying Parties to more effectively implement the purpose of this Certificate.
10.10 Notices
Any notices required or permitted under this Certificate shall be in writing and shall be delivered in accordance with the notice provisions set forth in the Lease.
11. EXECUTION
IN WITNESS WHEREOF, Tenant has executed this Estoppel Certificate as of the date first written above.
TENANT:
[TENANT'S LEGAL NAME]
By: ________________________________
Name: [SIGNATORY NAME]
Title: [SIGNATORY TITLE]
Date: [DATE]
ACKNOWLEDGMENT
STATE OF [STATE]
COUNTY OF [COUNTY]
On [DATE], before me, [NOTARY NAME], Notary Public, personally appeared [SIGNATORY NAME], who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of [STATE] that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature ________________________________
(Seal)