Property Management
What is an 'estoppel certificate' in Delaware commercial real estate?
AA certificate confirming title insurance is in force
BA signed statement by a tenant confirming the status of their lease (rent, term, any defaults)✓ Correct
CA lender's certificate confirming loan terms
DA government certificate confirming zoning compliance
Explanation
An estoppel certificate is a document signed by a tenant confirming the current lease terms, rent amounts, lease status, and whether any defaults exist. Lenders and buyers use it to verify lease information before closing.
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