8 min
Ep 145 - What Is A Tenant Estoppel Certificate & Why Are They Important? Freedom Through Passive Income
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- Investing
An estoppel certificate is a legally binding document where a tenant represents or promises certain things regarding its lease or rental agreement to be true, rent amount, deposits etc. Go to the tenant(s), get the information, reach out to the previous property manager or the previous owner and get the sign off. This way all parties are in agreement and no later claims of something different can be brought forward.
Download your Free Private Lending Report here: www.freedomcapitalinvestments.com/lending
Download your Freedom # worksheet here: www.freedomcapitalinvestments.com/worksheet
Click on the Social Media links below and listen in on our Private Group Conversations about how to achieve Financial Freedom through a consistent pipeline of passive income investments:
https://www.facebook.com/groups/freedomthroughpassiveincome
https://www.linkedin.com/groups/14048250
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A Tenant Estoppel Certificate is a statement by the tenant that prevents (estops) the tenant from later claiming a different state of facts. It contains the tenant’s name, lease dates, rent amount, and any security deposits etc. all of the important info that you could easily get. Then the tenant signature on the second page basically just to verify everything and make sure everybody is all on the same page. When there are a lot of things missing, you have to go back to the property manager for information. It is very important to get answers for all questions. We lay out exactly what we did for the deal we just closed. We went through everything and listed any discrepancy or items we needed to clarify and then got the necessary certificates signed by the corresponding residents before closing.
Join our groups on Facebook and LinkedIn.
https://www.facebook.com/groups/freedomthroughpassiveincome
https://www.linkedin.com/groups/14048250
www.FreedomCapitalInvestments.com
Invest Smart. Live Happy.
—————————————————————————
Connect with us here:
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https://www.facebook.com/Flipster
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An estoppel certificate is a legally binding document where a tenant represents or promises certain things regarding its lease or rental agreement to be true, rent amount, deposits etc. Go to the tenant(s), get the information, reach out to the previous property manager or the previous owner and get the sign off. This way all parties are in agreement and no later claims of something different can be brought forward.
Download your Free Private Lending Report here: www.freedomcapitalinvestments.com/lending
Download your Freedom # worksheet here: www.freedomcapitalinvestments.com/worksheet
Click on the Social Media links below and listen in on our Private Group Conversations about how to achieve Financial Freedom through a consistent pipeline of passive income investments:
https://www.facebook.com/groups/freedomthroughpassiveincome
https://www.linkedin.com/groups/14048250
—————————————————————————
A Tenant Estoppel Certificate is a statement by the tenant that prevents (estops) the tenant from later claiming a different state of facts. It contains the tenant’s name, lease dates, rent amount, and any security deposits etc. all of the important info that you could easily get. Then the tenant signature on the second page basically just to verify everything and make sure everybody is all on the same page. When there are a lot of things missing, you have to go back to the property manager for information. It is very important to get answers for all questions. We lay out exactly what we did for the deal we just closed. We went through everything and listed any discrepancy or items we needed to clarify and then got the necessary certificates signed by the corresponding residents before closing.
Join our groups on Facebook and LinkedIn.
https://www.facebook.com/groups/freedomthroughpassiveincome
https://www.linkedin.com/groups/14048250
www.FreedomCapitalInvestments.com
Invest Smart. Live Happy.
—————————————————————————
Connect with us here:
FB personal pages
https://www.facebook.com/Flipster
https://www.facebook.com/dani.lynn.robison
LinkedIn personal pages
https://www.linkedin.com/in/fliprobison
https://www.linkedin.com/in/danilynnrobison
Instagram personal pages
https://www.instagram.com/fliprobison
https://www.instagram.com/danilynn23
TikTok personal pages
https://www.tiktok.com/@danilynnrobison
https://www.tiktok.com/@fliprobison
8 min