What Are Tenant Estoppels and Why Should Tenants Be Concerned?

A sale agent offers the keys to an office building to a new buyer over a signed contract

Prior to the transfer of ownership of an office building, tenants will be presented with an Estoppel Agreement for signature by their landlord. There is often a limited time frame to return the signed Estoppel Agreement and pressure to do so from the landlord. However, tenants will be wise to study the Estoppel Agreement in…

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