Well - drafted commercial leases require the timely return of
tenant estoppel certificates and subordination, non-disturbance and attornment agreements (SNDAs).
Not exact matches
Tenant Estoppels / SNDAs We require an acceptable estoppel certificate from each t
Tenant Estoppels / SNDAs We require an acceptable
estoppel certificate from each
tenanttenant.
Tenant representatives should further request that the obligation to sign an
estoppel certificate is mutual.
The
estoppel certificate will save you from misunderstanding with the inherited
tenants regarding ownership of appliances or other personal properties in the units, as well as misunderstandings regarding amounts of security deposits or other he said - she said that may come up after closing when the current landlord is out of the picture.
@Jonathan Perez Make sure to have the
tenants and current owner / seller sign an
estoppel certificate before closing.