Voted Best Answer
May 03, 2017 - 08:46 AM
Frequently, when a lease is sold, the seller is required to get estoppels from landowners for a certain percentage of the leases. The buyer would prefer that there is an estoppel instead of just relying upon the lease- just avoids any ambiguity. We can't tell you whether you should or should not sign it - that is a legal question. However, assuming that there isn't a duty to sign it under the lease- don't sign it. If they really need it, they will be back, perhaps with their checkbook out.
Add New Comment