Property Management
An estoppel certificate in commercial leasing is a document where the tenant:
ARequests a rent reduction from the landlord
BCertifies the current status of their lease, confirming rent, term, and any defaults✓ Correct
CWaives their right to renew the lease
DRequests permission for alterations
Explanation
An estoppel certificate is a signed statement by a tenant confirming the current status of their lease (commencement date, rent amount, absence of landlord defaults, etc.). It is often required by lenders or buyers performing due diligence.
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