An estoppel certificate is a legally binding document used to clarify the current status of lease agreements and to protect all parties—including renters—in a real estate transaction. Let’s break down, in plain English, what an estoppel certificate is, and why your landlord might ask you to...
A concession for a lease is an act performed by the landlord to its tenants, and it can be a discount or a benefit. This is a method the landlord uses...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer ...
Additionally, during the sale process, you might be asked to sign anestoppel certificate. This document verifies the terms of your lease—like rent amount and lease duration—for the new owner, ensuring that both you and they understand your rights and obligations under the current lease agreement...
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