Property Management
In Hawaii, what is 'estoppel' in the context of commercial lease management?
AA. A provision preventing tenants from stopping rent payments
BB. A certificate from the tenant confirming the lease terms and status, preventing the tenant from later claiming otherwise✓ Correct
CC. A legal action to stop an eviction
DD. A prohibition on lease modifications after signing
Explanation
A tenant estoppel certificate confirms the lease's terms, confirming rent amount, lease status, and whether any defaults exist. It protects buyers and lenders by binding the tenant to those confirmed facts.
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