Your broker and real estate attorney can help you obtain the certificate you want.
The estoppel certificate is typically signed by the party who is providing the certificate. For example, if a tenant is providing the estoppel certificate to a landlord, the tenant would sign the certificate.
yes
Typically, the management company or treasurer of an HOA or Condo association prepares the Estoppel Letter, Form, or Certificate.
Estoppel fees in Palm Beach County can vary depending on the specific homeowners association (HOA) or condominium association. Typically, these fees range from $100 to $400, but some associations may charge more. It's advisable to check directly with the specific HOA or management company for the most accurate and up-to-date information regarding their estoppel fees.
If you are developing a condominium project, you hire an association-savvy attorney who crafts the governing documents, based on state law that governs condominiums. When you purchase a condominium, by law you are entitled to copies of all your governing documents. (In Washington State, these documents are packaged in the Resale Certificate.) If you own a condominium, and your copies are lost, your association manager can provide you with copies, which you pay for. If you are interested in buying a condominium, again, you can purchase copies of the governing documents, most of which are public record.
by buying it
It can mean where an estoppel certificate is required of a landlord (they can are also sometimes required of the tenant), where the landlord is required to make certain representations regarding the state of the lease (neither tenant nor landlord are in default), the state of the underlying property (e.g. no encumbrances, or no default on mortgage, or no condemnation proceedings) or other representations at the request of a lender (to the landlord or the tenant) or a buyer of the property.
You're essentially declining a lease agreement, so yes. But you're telling the landlord, that you are moving by doing so.
A company could require an estoppel cert. be signed when terms are changed to the original agreement. This would set definative dates when the new terms are in effect protecting the lender. ( i.e higher re-payment amounts, new length of payment.)
Yes, there is a difference between estoppel and promissory estoppel. Estoppel is a legal principle that prevents a party from arguing something contrary to a claim they previously made or accepted as true, often to avoid unjust consequences. Promissory estoppel, on the other hand, specifically applies when one party makes a promise that another party relies on to their detriment, even in the absence of a formal contract. In essence, promissory estoppel focuses on the reliance on a promise, while general estoppel pertains to preventing inconsistency in assertions.
Your question is too broad. Each state has a chapter of its state code that governs all aspects of condominium projects from applying for the original building permits to unit ownership. Unit ownership is also governed by the real estate code and the governing documents written for that unique community.You can perform an online search using your state + "condominium law."Also, the purchase of a condominium would be covered under the property laws in your jurisdiction much the same as would be buying a single home on a lot of land.
You should be able to obtain a copy of the association's certificate of insurance from a board member or the property manager. The certificate is issued by the company that carries the association's master insurance policy. The copy you want may be a document that your lender requires.