Estoppel Request

This policy statement is to help you understand the obligations of ILE and Management in responding to requests for “estoppel” and “other information” which are recognized as two different issues by State law. In order for us to work with you in a mutually beneficial way, it is essential that you understand and abide by the following:

  1. By law, ILE is required to provide “estoppel” information ONLY. Estoppel is a statement that is limited to information about the financial status of a particular dwelling unit such as the amount and due date of regular or special assessments (which we do not have special assessments) and any outstanding balances as of the date of the inquiry. As an employee for ILE, we will provide our Certificate of Estoppel within 10 Business days after receiving a written, or electronic request and, upon the advance payment of our fee in the amount of $150.00 per lot per seller. Which is authorized by law. If seller is selling multiple lots the maximum estoppel fee we will collect is:  
    • For 25 or fewer lots, $750.00
    • For 26 to 50 lots, $1,000.00
    • For 51 to 100 lots, $1,500.00
    • For more than 100 parcels, $2,500.00
    • or regular turn around.  We will provide Priority Service within 3 business days after the request and upon advanced payment, for an additional fee of $25.00. NO OTHER FORM OR ADDITIONAL INFORMATION WILL BE PROVIDED IN CONNECTION WITH THESE FEES.
  2. Beyond the estoppel information described in paragraph 1 above, lenders, title companies, real estate brokers and other interested parties often submit forms to us requesting “additional information” which current Florida law does not obligate ILE to provide. Many of the forms contain questions that are unclear, confusing and poorly written, all of which adds to the difficulty in providing the requested information. Inquiries touch on issues such as: percentage of owner occupied vs. tenant occupied units; status and purpose of reserves; FHA mortgage information; date of turnover from developer control; number of total units; number of phases, if any; and many other items too numerous to list here. Unfortunately, we do not always have all of the requested information. However we will be happy to provide as much information as we do have, to the best of our ability, upon the advance payment of an additional fee in the amount of $150.00, which is also authorized by law.
  3. Because the Florida Supreme Court prohibits us, from engaging in the unlicensed practice of law (UPL), we are not permitted to interpret or offer an opinion of any portion of the ILE’s governing documents. Therefore, do not ask us to interpret the governing documents.  However, the answers to questions that we cannot provide are usually available from other sources. For example, all authorized parties have access to the ILE’s budget and any portion of the governing documents of the community including, but not limited to, the Amendments of Restrictions, Easements, and, Articles of Incorporation; By-Laws and Rules and Regulations. If any of these require interpretation, they should be submitted to an attorney of your choice for an opinion. Doing so will limit liability for everyone.
  4. If you would like ILE’s attorney to render a legal opinion on any issue pertaining to the transfer of a Property, they will do so for a fee. If you wish, we will provide you with the name and telephone number of the attorney.
  5. In short, we at Indian Lake Estates, Inc. will make every effort to accommodate your request, but please do not ask, or expect us, to engage in UPL or to answer questions that are beyond our scope.
  6. If an estoppel certificate for multiple units owned by the same owner are simultaneously requested and there are no past due monetary obligations owed to the community, the statement of moneys due for those units may be delivered in one or more estoppel certificate(s), and, even though the fee for each unit shall be computed as set forth in paragraph (1), the total fee that the community may charge for the preparation and delivery of the estoppel certificates may not exceed, in aggregate as mention in number 1.
  7. When requesting an estoppel letter you must provide us with all of the following:

    • The name of the owner of the property.
    • The street address of the property.
    • The name of the third party requesting the estoppel letter.
  1. A check in the amount of $150.00 for the estoppel fee for regular turnaround (up to 10 business day) or a check in the amount of $175.00 for expedited turnaround. Please provide the 'need by date' on your expedited request and we will make every attempt to honor it.  Fees are different for multiple lot owners.
  2. Make checks payable to Indian Lake Estates, Inc.
  3. *Please note that A fee may not be charged for an amended estoppel certificate.  An estoppel certificate will be delivered on the date of issuance, and a new 30-day period begins on such date.  
  4. Please send the above information to:  Indian Lake Estates, Inc.  P.O. Box 7395, fax:  (863) 692-1436, or e-mail to  If you have any questions as to which is the best way to send your request please contact (863) 692-1433. We will not proceed with any of the work until all items listed above are received.  If sending via FedEx or UPS, mail to 7510 Red Grange Blvd, Indian Lake Estates, FL 33855,
  5. If the certificate is requested in conjunction with the sale or mortgage of a unit but the closing does not occur and no later than 30 days after the closing date for which the certificate was sought, the preparer (ILE) receives a written request, accompanied by reasonable documentation, that the sale did not occur from a payer that is not the unity owner, the fee shall be refunded to that payer within 30 days after receipt of the request.

We reserve the right to charge additional fees if a claim of 'safe harbor' or other claim of exemption is involved or if we spend extra time on the matter for any reason including, but not limited to, negotiations regarding settlements, motions and/or court appearances. Additional fees for this purpose will not exceed $100.00 per lot.

Estoppel letters are valid for thirty (30) days, unless otherwise stated, and will include additional fees that will become due during that period. *Please note that if additional information or a mistake related to the estoppel certificate becomes known to the community within the effective period, an amended estoppel certificate may be delivered and becomes effective if a sale or refinancing of the unit has not been completed during the effective period. A fee will not be charged for an amended estoppel certificate. There will be a new 30-day effective period for an amended certificate.

Estoppel letters are only issued to third parties and do not relieve the current owner of liability for amounts owed before the transfer of title even if there is an error as to amounts due.

An owner who is requesting a 'payoff on his/her own account should make that clear as this is not an 'estoppel' request. The requirement of pre-payment of any fee for preparing a restatement of the account for the owner does not apply. Likewise, the statement of the account contained in any correspondence addressed to the owner cannot be relied upon by third parties.

The word “estoppel” is a legalese term meaning that one is “estopped,” or legally precluded from taking a different position in a matter.

Estoppel letters are normally requested by title insurance companies when a unit is closing to ensure that all assessments are paid up and to prorate assessment contributions between a buyer and seller just like is done with taxes. If the title company does not verify the amount of assessments that may be due, the new owner becomes liable for all past due assessments and could then make a claim against the title insurance company for contribution.


ILE Articles of Incorporation

ILE Bylaws

ILE Covenants & Restrictions