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Good morning. The landlord is asking you to sign the certificate because they are looking to sell the apartment. A little background.
An estoppel certificate is used to inform a potential buyer of the property of the rights and privileges of your rent control rights in the apartment. The estoppel certificate requests information about your rent, your lease term, your protected status, oral agreements with the landlord, amendments to written lease agreements, promises made by the landlord, and agreements with respect to the payment of utilities, e.g. water and gas, etc.
The estoppel agreement should completely describe the nature of the relationship between you and the landlord, and the lease terms. It should not have any additional information. A buyout and the terms would be included in a separate agreement between you and the landlord.
There should be no problems with you signing the estoppel certificate as long as it is accurate, and describes your rights that in the lease and any oral agreements you have with the landlord.
So it is ok to sign the estoppel certificate, but make sure that there is nothing in the certificate about the buyout. Any buyout agreement offered to you should be reviewed by an attorney before you sign.
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