Certificate of Lease Clause Samples
A Certificate of Lease clause requires the landlord or tenant to provide a formal document confirming the existence and key terms of the lease upon request. Typically, this certificate, sometimes called an estoppel certificate, outlines details such as the lease’s commencement date, rent amount, and any outstanding obligations. Its core function is to provide third parties, such as lenders or potential buyers, with assurance about the lease’s status, thereby facilitating transactions involving the leased property.
Certificate of Lease. Tenant and Landlord each hereby agree that at any time and from time to time, within ten (10) days after a request by the other party, to execute, acknowledge and deliver a statement certifying: (a) that this lease is unmodified and in full force and effect (or if there have been modifications, that the lease is in full force and effect as modified and stating the modifications); (b) the date to which the rent has been paid; and (c) whether or not to the best of its knowledge: (i) either party is in default in keeping, observing or performing any term, covenant, agreement, provision, condition or limitation contained in this lease and, if in default, specifying each such default; (ii) either party is holding any funds under this lease in which the other has an interest (and, if so, specifying the party holding such funds and the nature and amount thereof); and (iii) there is any amount then due and payable to Tenant by Landlord, it being intended that such statement delivered pursuant to this section may be relied upon by such other party, any mortgagee, any prospective purchaser or assignee of such party’s interest in this lease or the mortgagee’s interest in any mortgage, and by any prospective mortgagee of the demised premises, or any part thereof.
Certificate of Lease. The certificate of acceptance on lease of the Property issued for each Individual Transaction pursuant to Article 4, Paragraph 4, in the form described in Attachment 2.
Certificate of Lease. At any time and from time to time Lessee agrees, within 10 days after request from Lessor, to execute, acknowledge and deliver to Lessor a statement in writing and in recordable form certifying that this Lease is in full force and effect and setting forth such other matters and information as may be reasonably required from a prospective mortgagee or purchaser of the Premises. Lessee agrees that any such statement delivered pursuant to this section may be relied upon by any prospective purchaser, mortgagee or assignee of any mortgagee of the Premises.