0
Add your answer:
Earn +20 pts
Does the lender issue an estoppel certificate?
yes
Who prepares an estoppel letter?
Typically, the management company or treasurer of an HOA or Condo association prepares the Estoppel Letter, Form, or Certificate.
How to get Estoppel Certificate when buying a condominium?
Your broker and real estate attorney can help you obtain the certificate you want.
The meaning estoppel in real estate?
Here is an excerpt from a previous Answers.com topic regarding estoppel. I take no credit for this definition, but believe it will accurately address your inquiry.A doctrine of law that stops one from later denying facts which that person once acknowledged were true and others accepted on Good Faith.Example: Abel signs a certificate acknowledging that he owes $10,000 on a Mortgage as of a certain date. Later he contends that he owed only $5,000. Abel is prevented from asserting this new contention under estoppel.
What is a landlord Estoppel Certificate?
It can mean where an estoppel certificate is required of a landlord (they can are also sometimes required of the tenant), where the landlord is required to make certain representations regarding the state of the lease (neither tenant nor landlord are in default), the state of the underlying property (e.g. no encumbrances, or no default on mortgage, or no condemnation proceedings) or other representations at the request of a lender (to the landlord or the tenant) or a buyer of the property.
Can a tenant refuse to sign an estoppel certificate?
You're essentially declining a lease agreement, so yes. But you're telling the landlord, that you are moving by doing so.
Who normally would require a estoppel certificate?
A company could require an estoppel cert. be signed when terms are changed to the original agreement. This would set definative dates when the new terms are in effect protecting the lender. ( i.e higher re-payment amounts, new length of payment.)
Will the father of a new baby have to pay child support if he signs the birth certificate?
Yes and he still have to pay whether he signs the birth certificate or not.
What is a registrars?
Someone who signs your wedding certificate.
What is a wedding registrar?
Someone who signs your wedding certificate.
Is double jeopardy applied in small claims?
Yeah it's estoppel, whether it be collateral estoppel or any other estoppel, it is estoppel, although estoppel and double jeopardy are synonymous. In civil matter, it's called "res judicata". That's civil double jeopardy. A case dismissed with prejudice or found that the defendant is liable will result in res judicata.
My office landlord ask me to sign an Estoppel certificate. Estoppel states that i have paid all annual rent & other charges up to date. I am a few months behind on rent. Should i sign this Estoppel Cert. Appreciate all advice. Thanks?
The landlord is trying to get a loan against the property. In order to do this, he must prove that the leases/rents are up-to-date and that the property is being managed well to assured it as a source of payment for the new loan. The Estoppel Certificate proves that rent is coming in on time on the property. In your case, this is not true, but it doesn't do the landlord any good to say that you are behind on the rent and that he has allowed this to happen. On the other hand, he's asking you to do him a favor to support him in getting this loan. Given that you are behind, he could easily start eviction proceedings. But to sign the certificate is an effort to defraud. Make a plan to get caught up on the rent, even if it is a little bit extra each month and sign a private agreement with the landlord about that. If the arrangements are made between the two of you to clear up the arrears, perhaps that could be considered a "current" arrangement and you could sign the Estoppel in good faith.
