Property Management
A NC commercial lease 'estoppel certificate' is requested by a lender or buyer and requires the tenant to certify:
ATheir intention to renew the lease
BThe current lease terms, payment history, and any known disputes or defaults — as a binding confirmation of the lease status✓ Correct
CTheir personal financial statement
DThe square footage of their space
Explanation
An estoppel certificate requires the tenant to confirm the accuracy of lease terms (rent, dates, options, defaults) and is used by prospective purchasers and lenders to verify the lease status at due diligence.
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