HomeMy WebLinkAboutC-9714-6 - East Balboa Boulevard, 301 - Unit #1 - Tenant Estoppel 2024�ocusign Envelope ID: 931B649E-2DOC-4D2B-A1D2-ACCE4C6A8OF1
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EXHIBIT "H°'
FORM OF ESTOPPEL CERTIFICATE
TENANT ESTOPPEL CERTIFICATE
TO: City of Newport Beach
c/o Real Property Administrator
100 Civic Center Drive
Newport Beach, California 92660
RE: r 301 E. Balboa Blvd, Unit #1 1 (the "Premises")
The undersigned (the "Tenant") hereby certifies to CITY OF NEWPORT BEACH,
a California municipal corporation and charter city, and its successors and assigns (the
"Buyer"}, Buyer's lender(s) and to Beach House Apartments
(the "Landlord"), the following information with respect to that
certain lease agreement, dated Ma 15 2020 , [list any other lease
documents, including any amendments, modifications or side letters, etc.] (collectively,
the "Lease"), and Tenant agrees that Landlord, Buyer and Buyer's lender may rely upon
the same:
1. The Tenant is the tenant under the Lease covering the Premises. A
description of the Lease, with all amendments, is attached hereto as Exhibit A. The Lease
is in full force and effect and has not been assigned, modified, supplemented or amended
except as shown on Exhibit A.
2. The Tenant has accepted possession and now occupies the Premises and
is currently open for business.
3. The Tenant asserts no claim of default or offset or defense against the
payment of rent or other charges payable by the Tenant and asserts no claim against the
Landlord under the Lease in regard to the Premises. To the best of Tenant's knowledge
and belief, there is no default by Landlord under the Lease.
4. All fixed base rental has been paid to the end of the current calendar month,
which is December 202and no rent under the Lease has been paid more than one
month in advance of its due date except for any security deposits referenced herein.
Current monthly fixed base rental for the Premises is $ 1,546.00
5. The Lea
Lease term expires on
>e term began on May 15, 2020 and the current
month -to -month
Agreement for Purchase and Sale of Real Property and Escrow Instructions Page H-1
Docusign Envelope ID: 931B649E-2DOC-4D2B-A1D2-ACCE4C6A8OF1
6. Landlord is presently holding a [security deposit][letter of credit] in the
amount of $ 1,200.00
7. There are no unfinished tenant improvements required to be completed by
Landlord as of the date hereof or any outstanding and unpaid tenant improvement
allowances owing to Tenant as of the date hereof except:
not applicable
& The Tenant is not in default under the Lease. The Tenant is current in the
payment of any taxes, utilities, common area maintenance payments, or other charges
required to be paid by the undersigned.
9. The Tenant has not entered into any sublease, assignment or any other
agreement transferring any of its Interest in the Lease or the Premises leased by the
Tenant under the Lease.
10. No actions, whether voluntary or otherwise, are pending against Tenant
under the bankruptcy laws of the United States or any state thereof. Tenant has not, at
the Premises, generated, stored, handled or otherwise dealt with any hazardous or toxic
waste or material, or other contaminants which are prohibited, regulated or penalized by
any local, state or federal agency, authority or government unit except as expressly
permitted in the Lease,
11. The Tenant recognizes and acknowledges it is executing this Tenant
Estoppel Certificate with the intent that Landlord, the Buyer and Buyer's lenders) may
rely hereon.
Dated:12/9/2024 1 11:34:5326N
Very truly yours,
Signed by: l
! f
BCIEEB8FDD51413...
By. Lara Marlene Radl 1 Tenant Unit #1
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