It means that the ownership of real property is stopping with the Seller (Owner) and will begin again with the Purchaser (Applicant).

What does this mean to the Purchaser or Seller?

In order to purchase real property, an estoppel request must be made by the purchasers Title Company. The information contained in an estoppel is used for compiling the costs for closing purposes. These costs and fees are found on the HUD Statement or Settlement Statement that you will receive at closing.

An estoppel will let the Title Company know if the maintenance fees are current, if there are any special assessments due and/or pending, the name of the Association insurance agent, and violations against the subject property, etc. Responsibility of payment for estoppel is of the Seller.

When the applicant/purchaser is purchasing the property using a mortgage, a PUD Certificate or Homeowners Certificate is also required. This is a requirement of the lender. The lender will request this information to find out if the Association that you are purchasing in meets the criteria of the lender. Some of the information that they require will be financial stability of the overall Association, total number of units, owner- occupied units vs. rentals, etc. Responsibility of payment for the Certification is the Purchasers'.

If you require an estoppel of PUD/Condo Certification, please direct them to the Estoppel department at (954) 792-6000.  We will then fax you the requirements for completion.

Checks must be made payable to Castle Management and sent to us, with your forms, to P.O. Box 551355, Ft. Lauderdale, FL 33355-1355, or if you are sending it by overnight delivery, our street address is 12270 SW 3rd Street, Plantation, FL 33325. Attention: Estoppel Department. The Estoppel will be returned within 2 Business Days of receipt of the check and request form if the account is in good standing with the association.