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Updated over 3 years ago on . Most recent reply

Karen Liebner's profile image
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Karen Liebner
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Karen Liebner's profile image
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Karen Liebner
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Karen Liebner
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General Landlording & Rental Properties

Estoppel Agreements- when?

Karen Liebner
Posted

Hi everyone,

We're working on an offer for our first investment property (a duplex)! 


At the moment, we're unsure of the terms of the current leases. I'm wondering if we ask for an estoppel agreement in our offer? Before we even offer? After the offer is accepted? Help! TIA!

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Kim Meredith Hampton's profile image
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Kim Meredith Hampton
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  • from St Petersburg
  • Member since Aug 25, 2014
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Kim Meredith Hampton's profile image
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Kim Meredith Hampton
  • Real Estate Broker
  • from St Petersburg
  • Member since Aug 25, 2014
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
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@Karen Liebner I usually have estoppels done in the last two weeks before closing. During due diligence, ask for rent rolls, T12's, copies of leases and ledgers for tenants

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