TENANT ESTOPPEL
TO: SOUTHERN FARM BUREAU LIFE INSURANCE COMPANY
(Hereinafter "Lender")
RE:Lease dated: (Also list Amendments)
Landlord: ______
Tenant: ______
Property Address:______
Essential Lease Terms:
Commencement Date: ______; Expiration of Term:______;
Square Footage Leased: ______;Monthly Rental:______;
Security Deposit: ______;Mo. Rental Paid To:______;
Tenant’s Share of Expenses (if applicable): ______;
Expense Stop Base Year (if applicable): ______
Gentlemen:
The undersigned, as tenant hereby confirms the following:
1.That as of this date no default or circumstance that could in the future give rise to a default under the terms of the said Lease, as amended, exists to the best of our knowledge, information and belief.
2That except for latent defects and the matters stated below, it has accepted possession of the premises demised pursuant to the terms of the aforesaid Lease.
3.That the improvements and space required to be furnished according to the aforesaid Lease have been completed in all respects and have been found to be satisfactory, except for unknown latent defects.
4.That the Landlord has fulfilled all of its duties of an inducement nature including the parking requirements as set forth in the Lease.
5.That the aforesaid Lease has not been modified, altered or amended except as noted herein.
6.That there are no known off-sets or credits against rentals, nor, have rentals been prepaid except as provided by the lease terms, but in no event have rentals been paid more than thirty (30) days in advance.
7.That the monthly rentals have been paid to the first day of the current month and all additional rent has been paid and collected in a current manner. There are no free rent or reduced rent concessions in the Lease, except as follows: ______.
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Tenant Estoppel
8.That we have no notice or knowledge of a prior assignment, hypothecation or pledge of rents of the Lease.
9.Tenant acknowledges that the address to which notices shall be given to the Lender is:
Southern Farm Bureau Life Insurance Company
Loan Administration Dept.
1401 Livingston Lane
Jackson, MS 39213
10.The undersigned further agrees with Lender that, from and after the date hereof, it: (a) will not pay rent under the Lease more than 30 days in advance of its due date, (b) will not modify, alter or change the terms of the Lease without the prior written consent of Lender, (c) will not surrender or cancel the Lease or consent to modification of any of its terms nor to the termination thereof by the Landlord without the prior written consent of Lender, and (d) will not seek to terminate the Lease, withhold rentals, or seek the forfeiture of or otherwise attempt to limit or adversely affect the rights of the Landlord by reason of any act, omission or default under the Lease by Landlord until the undersigned has given written notice of such act, omission, or default to Lender, and until Lender is given the time permitted in the Lease or a reasonable period of not less than 30 days following the giving of such notice, whichever is greater, during which period Lender shall have the right, but shall not be obligated, to remedy such act, omission or default or proceed with reasonable diligence and good faith to complete the curing thereof.
11.There are no other agreements written or oral between the undersigned and the Landlord with respect to the Lease and/or the leased premises and building.
It is understood that Lender will rely upon this certificate in making or otherwise acquiring a mortgage loan to Landlord in connection with which the interest of Landlord in said Lease is being or has been conditionally assigned to Lender. Tenant acknowledges notice of the assignment.
Dated this ______day of ______, 20
______
(Tenant)
By: ______
Its: ______
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