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For example, someone selling a piece of real estate at a high price may know nonpublic facts that will decrease the value of the property. By intentionally failing to disclose that information to a prospective buyer, the seller can earn a larger amount from the sale.

Estoppels are always provided by the property's HOA management company or board members. The title company is responsible for ordering this document; the estoppel fee is usually paid by the seller. There is a trend, however, for this fee to be split between the buying and selling parties ? or paid by the seller.

Who requests an estoppel? The title company handling the closing will request the Florida estoppel letter from the Homeowners or Condo association. An authorized representative from these organizations is required to complete and sign the form within 15 days of request.

The Purpose of Tenant Estoppel Certificates By definition, an estoppel certificate is ?[a] signed statement by a party (such as a tenant or mortgagee) certifying for anoth- er's benefit that certain facts are correct, as that a lease exists, that there are no defaults, and that rent is paid to a certain date.