Tenant Estoppel Certificate (Statement of Tenancy)

What is a Tenant Estoppel Certificate (Statement of Tenancy)?
A tenant estoppel, or statement of tenancy, is used to disclose the status of a current tenant to a purchaser or lender. The certificate provides vital information regarding each rental unit including the conditions of the lease, rent amount, and its expiration plus responsible parties for utilities, ownership of existing appliances, and any additional terms and conditions that all parties should be made aware of.