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Updated over 6 years ago on . Most recent reply

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Niyi Adewole
  • Real Estate Agent
  • Atlanta GA & Orlando, FL
97
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211
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Estoppel Agreement with Section 8

Niyi Adewole
  • Real Estate Agent
  • Atlanta GA & Orlando, FL
Posted

Good Morning BP Family, 


I am about 10 days away from taking over a 12 unit property that is currently housing section 8 tenants. I just received the leases and they are not the most detailed or complete. I have heard talks of using "estoppel agreements" when taking over apartments to ensure that everyone is on the same page. Would you use the below estoppel agreement for section 8 housing as well? 

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You should probably add a line indicating the portion of rent the government/welfare office pays.

Welfare tenants are generally on the lower end of the intelligence quotient,not particularly bright, and will likely only understand the portion of rent they actually pay. You may need to hold their hand when they are filling out the form.

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