The lender requires tenants to verify their current rent terms using which document?

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When a lender wants to confirm the exact terms of a tenant’s lease, the tenant signs an estoppel certificate. This sworn document verifies key facts about the lease—current rent, security deposit status, lease term, any renewal options, and whether there are defaults or disputes. It also discloses any side agreements or commitments that could affect the rent or occupancy. Because it’s a binding statement under oath, the lender can rely on it to assess the property’s income and risk as part of the loan or sale process, and it helps prevent later disputes about what the lease actually says. Other terms like a general verification of rent aren’t formal sworn statements and don’t provide the same level of certainty, and the term “Stoppel” is just a misspelling of estoppel.