RE agent says estoppel not needed

[Karen Young]

RE agent says estoppel not needed; a copy of the lease is enough. The 9 page lease is thorough but I’m not convinced.

[Frank Chin]

And what does your attorney say if you use one.

Without the estoppel, you only got the seller side of the story, and have to assume the seller and his tenant abide assiduously by the lease. One of the things mentioned in the estoppels that our attorney sends out is the rents are all paid up to date, and the deposits paid is what is stated on the lease, with no notification of anything deducted from it.

Once the tenant confirm the terms and amounts, then there can be no argument when you take over from the tenant saying that the prior owner deviated from the lease in this that or the other way.

If an agent said that, then I wonder what the seller is trying to hide. Maybe it's nothing, but as they say, you don't know what you don't know.