Property Management
An 'estoppel certificate' in commercial real estate is used to:
AA. Prevent tenants from terminating their leases
BB. Confirm the terms of a lease to a prospective buyer or lender✓ Correct
CC. Stop a landlord from increasing rent
DD. Certify that a property meets building codes
Explanation
An estoppel certificate is a document signed by a tenant certifying the key terms of their lease (rent amount, term, any defaults, etc.). It prevents the tenant from later claiming different terms and is typically required by buyers and lenders in commercial transactions.
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