Property Management
In South Dakota, a commercial lease 'estoppel certificate' is used to:
ACertify that the tenant has no lease with the landlord
BHave the tenant confirm the current lease terms for the benefit of a prospective buyer or lender✓ Correct
CTerminate the lease by mutual agreement
DReport lease violations to the SDREC
Explanation
An estoppel certificate is a signed statement by the tenant confirming the current lease terms (rent, expiration date, etc.) and that the landlord is not in default.
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