Escrow & Title
What is an estoppel certificate in the context of a Nevada commercial real estate transaction?
AA certificate issued by NRED confirming a licensee's good standing
BA document signed by a tenant confirming the terms of their lease, used by buyers and lenders to verify lease status before purchasing or lending✓ Correct
CA certificate of title insurance
DA lender's confirmation that the loan is fully funded
Explanation
In commercial transactions, buyers and lenders require existing tenants to sign estoppel certificates confirming their lease terms, rental amounts, deposit status, and whether the landlord is in default. The tenant is 'estopped' from later claiming different terms.
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