"Tenant Estoppel Certificate Template"

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TENANT ESTOPPEL CERTIFICATE
TO:
[Purchaser]
AND TO:
[Mortgagee]
Lease dated  between  (the “Landlord”) and  (the “Tenant”) as amended by
RE:
 (collectively, the “Lease”) copy attached, consisting of  pages of the lease
and  pages of the amendment for premises in the building on the property
known municipally as [municipal address of property] and more particularly
described as [legal description].
, consisting of approximately  square feet of rentable area.
,
,
CURRENT MONTHLY BASE RENT:
$
$,
,
The undersigned is the Tenant of the premises (the “Premises”) under the Lease. This certificate
is given to permit you to rely on it as conclusive evidence of the matters stated below, in
evaluating the real estate that includes the Premises for purposes of the purchase of that real
estate by the [Purchaser] [and financing by [the Mortgagee]]. The undersigned represents and
warrants to you as follows:
1.
The undersigned is the Tenant at the Premises, and is in sole possession of and occupying
the Premises. The Tenant has not subleased all or any part of the Premises or assigned the Lease,
or otherwise transferred its interest in the Lease or the Premises or any part thereof.
2.
The Lease is currently in effect and constitutes the entire agreement between the
Landlord and the Tenant. The Lease has not been amended, modified, or changed, whether in
TENANT ESTOPPEL CERTIFICATE
TO:
[Purchaser]
AND TO:
[Mortgagee]
Lease dated  between  (the “Landlord”) and  (the “Tenant”) as amended by
RE:
 (collectively, the “Lease”) copy attached, consisting of  pages of the lease
and  pages of the amendment for premises in the building on the property
known municipally as [municipal address of property] and more particularly
described as [legal description].
, consisting of approximately  square feet of rentable area.
,
,
CURRENT MONTHLY BASE RENT:
$
$,
,
The undersigned is the Tenant of the premises (the “Premises”) under the Lease. This certificate
is given to permit you to rely on it as conclusive evidence of the matters stated below, in
evaluating the real estate that includes the Premises for purposes of the purchase of that real
estate by the [Purchaser] [and financing by [the Mortgagee]]. The undersigned represents and
warrants to you as follows:
1.
The undersigned is the Tenant at the Premises, and is in sole possession of and occupying
the Premises. The Tenant has not subleased all or any part of the Premises or assigned the Lease,
or otherwise transferred its interest in the Lease or the Premises or any part thereof.
2.
The Lease is currently in effect and constitutes the entire agreement between the
Landlord and the Tenant. The Lease has not been amended, modified, or changed, whether in
- 2 -
writing or orally, except as set out above in the definition of the Lease [and as disclosed by the
copy of the Lease attached].
3.
The commencement date and expiration date of the term of the Lease are correctly stated
above. The Tenant has no options or rights and has not exercised any options or rights to renew,
extend, amend, modify, or change the term of the Lease, except as disclosed by the terms of the
Lease.
4.
The current monthly [Base Rent] is correctly stated above. [Base Rent] has been paid
through the date stated above. No rent has been prepaid [for more than 1 month]. The Tenant
has not been given any free rent, partial rent, rebates, rent abatements, or rent concessions of any
kind except as disclosed by the terms of the Lease.
5.
The Tenant has deposited the Security Deposit, in the amount indicated above, with the
Landlord, and none of the Security Deposit has been applied by the Landlord to the payment of
rent or any other amounts due under the Lease.
6.
Any construction, build-out, improvements and alterations to the Premises required under
the Lease have been fully completed in accordance with the plans and specifications described in
the Lease. Any allowance, inducements or other payments required by the Landlord under the
Lease have been paid in full.
7.
The Landlord has fully performed all of its obligations under the Lease and is not in
default under any term of the Lease. In addition, no circumstances exist under which the
Landlord may be deemed in default merely upon service of notice or passage of time.
8.
The Tenant neither has nor is contemplating any claim against the Landlord for default or
any set-off, abatement, reduction, defence or counterclaim to the payment of the [Base Rent],
additional rent or any other charges payable by the Tenant under the Lease.
9.
The Tenant has not been granted and has not exercised any options or rights of
expansion, purchase, or first refusal concerning the Lease or the Premises, [except as disclosed
by the terms of the Lease].
10.
The Tenant has not filed and is not the subject of any filing for bankruptcy or
reorganization under federal bankruptcy or insolvency laws.
11.
The address for notices to the Tenant under the Lease is correctly set forth in the Lease.
12.
The Tenant agrees that the information furnished herein may be supplied to others
(including, without limitation, lenders) and that you and such lenders, and your respective
agents, successors, and assigns, may rely upon the truth accuracy and completeness of all
statements herein contained.
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DATED as of .
[Tenant]
Per:
Name:
Title:
I have authority to bind the Corporation.
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SCHEDULE “A”
COPY OF LEASE AND ALL AMENDMENTS ATTACHED
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