Commercial Real Estate Purchase And Sale Agreement Template Page 16
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16Northern Illinois Commercial Association of Realtors
EXHIBIT G
ESTOPPEL CERTIFICATE
This TENANT’S ESTOPPEL CERTIFICATE (“Certificate”) is given by Tenant, with respect to that certain Lease Agreement dated
____________________ (“Lease”), under which Tenant has leased from ______________ (“Seller”) certain premises known as
_____________ (“Premises”) in the (“Property”).
In consideration of the mutual covenants and agreements stated in the Lease, and intending that this Certificate may be relied upon by
Seller and Buyer and any prospective purchaser or present or prospective mortgagee, deed of trust beneficiary or ground lessor of all
or a portion of the Building, Tenant certifies as follows:
1.
Except for those terms expressly defined in this Certificate, all initially capitalized terms will have the
meanings stated for such terms in the Lease.
2.
Seller first delivered possession of the Premises to Tenant (either for occupancy by Tenant or for the
commencement of construction by Tenant) on _______________, 20___.
3.
Tenant moved into the Premises (or otherwise first occupied the Premises for Tenant’s business purposes)
on _______________, 20___.
4.
The Commencement Date occurred on _______________, 20___, and the Expiration Date of the Lease will
occur on _______________, 20___.
5.
Tenant’s obligation to make monthly payments of Base Rent under the Lease began (or will begin) on
_______________, 20___.
6.
Tenant’s Security Deposit is __________________________.
7.
There are no uncured defaults by Seller under the terms of the Lease except _______________________.
8.
Rent and operating expenses are paid through _____________________________________.
9.
The Lease contains the following option(s) to renew, expand the leased premises, and/or purchase the
Property, if any: ________________________.
Executed this _______ day of _______________, 20___.
Tenant:
By:
Name:
Title:
16
C:\Dave\NICAR\NICAR RE PURCH SALE AGRMNT 030305clean.doc
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