Estoppel Certificate Review video
Every certificate tied three ways, to the lease as amended and the seller's rent roll, with ties in grey and every break itemized to the page. 1:13
What the film shows
Compares each tenant estoppel to its lease and the rent roll, for acquisition and loan counsel
Agents read every certificate, read the lease file in date order to build the lease as amended, and read the seller's rent roll. They tie each tenant three ways on five fields, keep ties quiet, itemize each break with its clause and page, and propose materiality. They draft the correction requests, the seller's follow-up list and the lender's memo; counsel decides, approves and signs.
Transcript
- Estoppel Certificate Review compares each tenant estoppel to its lease and rent roll, for acquisition counsel.
- Estoppels come back days before closing, when every break costs money.
- Our client is buying a shopping center with sixty-two tenants.
- Agents read every estoppel and 214 leases, amendments and side letters.
- Each tenant is tied three ways on five fields; ties stay grey.
- Tenant fourteen says no option, but page four of a 2021 amendment grants one.
- Peregrine drafts the correction, and Sorcha approves it.
- Nineteen breaks, four material, all found six days before closing.
- Sorcha signs the lender's memo, every figure cited to its page.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.