2 Fam purchase, estoppel letter
Hi Brownstoners,
We are closing on a 2 family. Our lawyer wants us to get a letter of estoppel from the tenant without a lease who would like to stay on. Is this standard practice? Does it really protect me of anything? If she won’t sign it, I would think that she might not be someone I want living there. I also want to present it to her personally, I feel it might be less offensive if I meet her. Please advise.
