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Why would a home buyer need an essoptal cert if they weren't leasing?

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asked Aug 5, 2012 in Mortgage by anonymous
reshown Aug 30, 2013 by bbrown
   

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Estoppel certificate is a document designed to give third party critical information on the relationship between your landlord and you as a tenant. The third party is frequently a prospective purchaser of the landlord's real property containing your premises, or a lender who will be secured by an interest in that property. Typically the deal that the landlord is making requires the landlord to obtain such certificates from its tenants and present them to the third party for use in its "due diligence" review of the property.
answered Aug 30, 2013 by bbrown Inquisitive Expert (97,580 points)

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