The estoppel certificate is a letter required in just about everyreal estate transactioninvolving acondominium or homeowner’s association. The certificate is intended to provide pertinent information to the buyer. The buyer will need that estoppel certificate to confirm the current status of the pendin...
When a real estate borrower defaults on the loan (e.g., fails to make mortgage payments, fails to pay real estate taxes or otherwise breaches the terms of the mortgage agreement or promissory note), the lender has the right to recover the balance of the defaulted loan by forcing the sale...
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Answer to: Explain the concept of ratification and estoppel in real estate. By signing up, you'll get thousands of step-by-step solutions to your...
Estoppel Certificate – May be requested by the landlord after lease signing to certify a lease exists between the tenant and landlord. Required Clauses American’s with Disability Act (42 U.S. Code § 12183) – Also known as the ‘ADA’, requires that any commercial tenants which offer “...
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25. Subordination to Mortgages; Estoppel Certificate. Tenant accepts this Lease subject and subordinate to any mortgage(s), deed(s) of trust, ground lease(s) or other lien(s) now or subsequently affecting the Premises, the Building or the Property, and to renewals, modifications, refinancings...