Property Management
In Michigan, an 'estoppel certificate' in property management is typically requested when:
AA tenant wants to sublease their unit
BA lender or buyer needs tenants to confirm the terms of their lease and that the landlord is not in default✓ Correct
CA landlord wants to raise rents mid-lease
DA property manager is terminated
Explanation
An estoppel certificate is a signed statement by a tenant certifying the current terms of their lease, rent amount, any defaults, and that the landlord is not in breach—commonly required by lenders or buyers in commercial property transactions.
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