Who is responsible for signing an estoppel certificate (affidavit)?

Who is responsible for signing an estoppel certificate (affidavit)?

• A. Landlord
• B. Buyer
• C. Tenant
• D. Real estate agent

Answer: (C)

The tenant is responsible for signing an estoppel certificate. An estoppel certificate is a legal document typically requested by a landlord or buyer to confirm the terms of the lease and the status of the tenant's obligations under that lease. By signing the estoppel certificate, the tenant certifies that the lease is in effect as stated, confirms the rent amount, acknowledges any additional terms, and discloses if there are any disputes with the landlord. This document helps provide clarity and assurance to buyers or prospective lenders regarding the tenancies associated with a property, indicating that the tenant has no claims or disputes that could affect the property’s ownership or its rental income. In this context, the responsibility of the other parties is distinctly different. The landlord may request the certificate to protect their interests, buyers seek assurance about ongoing tenancies when considering a property, and real estate agents facilitate the transaction but do not hold signing authority on lease agreements or estoppel certificates. Thus, the tenant is the key individual who provides the necessary confirmation and legal acknowledgment regarding their lease, making their signature crucial for the validity of the estoppel certificate.

The tenant is responsible for signing an estoppel certificate. An estoppel certificate is a legal document typically requested by a landlord or buyer to confirm the terms of the lease and the status of the tenant's obligations under that lease. By signing the estoppel certificate, the tenant certifies that the lease is in effect as stated, confirms the rent amount, acknowledges any additional terms, and discloses if there are any disputes with the landlord. This document helps provide clarity and assurance to buyers or prospective lenders regarding the tenancies associated with a property, indicating that the tenant has no claims or disputes that could affect the property’s ownership or its rental income.

In this context, the responsibility of the other parties is distinctly different. The landlord may request the certificate to protect their interests, buyers seek assurance about ongoing tenancies when considering a property, and real estate agents facilitate the transaction but do not hold signing authority on lease agreements or estoppel certificates. Thus, the tenant is the key individual who provides the necessary confirmation and legal acknowledgment regarding their lease, making their signature crucial for the validity of the estoppel certificate.