Tenants Estoppel Certificate Page 2
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55. The lease provides for the payment of Base Rent and such additional amounts as are described below.
a.
The Monthly Base Rent is currently $
, payable on the first day of each
month. No such rent has been paid more than
month(s) in advance of the due date.
Tenant has not received notice of any assignment, hypothecation, mortgage, or pledge of Landlord's interest
in the Lease. Tenant pays rent under the Lease only to Landlord, and not to any receiver, assignee, or other
person or entity.
b.
The Lease provides for the payment by tenant of additional rent as described below (Please check
and complete all applicable items):
______(1) Tenant is not liable for any additional rent or for reimbursement of landlord of any operating
expenses.
______(2) (a) Tenant is liable for a prorata share of certain common area expenses, including the
following: (Check all which apply)
______ Property taxes
______ Insurance
______ Common area maintenance
______ Other (Specify) ______________________________________
(b) These common area expenses are payable as follows: (Check if applicable)
______ Tenant currently pays an estimated charge toward the same in the amount of $
_________ per month, as additional rent.
______ Tenant pays the expenses directly.
______(3) Tenant is responsible for paying percentage rents in the amount of ____% of gross sales,
less ______________. The amount of gross sales in ___________ was approximately
_________. The amount of percentage rents paid in ___________ was approximately
__________.
(c) The Monthly Base Rent, plus any additional rent (including common area charges and other additional
rent as described in Section 5 (b) above), payable under the terms of the Lease has been paid through
_________________________________.
(d) Tenant has deposited with Landlord $ ____________ as a security deposit under the Lease. Tenant
understands that its security deposit will be transferred to Borrower when Borrower purchases the Premises.
Tenant shall not look to Union Bank, its successors or assigns, for the return or credit of the security deposit,
if any, unless said amount has been transferred to Union.
(e) All free rent periods, if any, have expired. Tenant has no defenses, offsets, credits, or counterclaims
against Landlord under the Lease.
FORM 03394 (Rev. 07/2009) eFORM
PAGE 2 OF 5
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