Contracts
In Oklahoma, a commercial lease that includes an 'estoppel certificate' provision requires the tenant to:
AAttest to the lease's current status and any claims against the landlord when requested, typically during a sale or financing of the property✓ Correct
BStop using certain building features
CCertify their financial statements annually
DEstimate future rental income for the buyer
Explanation
An estoppel certificate (tenant estoppel) is a document signed by the tenant confirming the current status of the lease: commencement/expiration dates, current rent, security deposit, whether the lease is in full force, and any known defaults. Lenders and buyers rely on these during due diligence.
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