Updated over 5 years ago on . Most recent reply
Estoppel vs. Current Leases
Hello Community,
I'm under contract for a quadplex (first property) in Cincinnati, Ohio. Three units are currently rented under 1-year leases and I plan to live in the fourth. I requested and received the signed lease agreements from the seller for all tenants as part of my due diligence. I'm comfortable with the lease agreement and it's language.
Since I have the leases, do I need estoppel agreements or are they overkill?
Thank you!