Property Management
What is an 'estoppel certificate' in Nevada commercial real estate?
AA certificate from NRED certifying a property manager's license status
BA document signed by a tenant confirming the key terms of their lease (rent amount, lease dates, security deposit, any defaults), used when a property is being sold or refinanced✓ Correct
CA Nevada court document stopping an eviction proceeding
DA certificate required for all commercial lease renewals in Nevada
Explanation
An estoppel certificate (tenant estoppel) is a signed statement from a tenant confirming lease terms at a specific date. When a commercial property is sold or refinanced in Nevada, the buyer or lender will request estoppel certificates from all tenants to verify rent, lease terms, security deposits, and whether any defaults exist. By signing, the tenant is 'estopped' (legally prevented) from later claiming different lease terms.
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