estoppel certificate

Estoppel Clause

A clause in a contract stating that certain facts are true as of the date the contract is signed. For example, the estoppel clause may state the collateral or amount of a loan. It is put in a contract to eliminate any ambiguity.

estoppel certificate

See estoppel.

References in periodicals archive ?
While Florida law allows community associations to charge a "reasonable" fee to prepare an estoppel certificate, some have turned this administrative task into a revenue stream, at times charging over $500 to prepare an estoppel certificate.
Perhaps it's a document, such as an estoppel certificate, that needs to be signed by the landlord before the desired loan can be funded.
The lender then should consider obtaining a tenant estoppel certificate from each of the major tenants to confirm the basic business terms of the lease and determine whether the tenant is claiming any offsets against rent or is asserting any defaults on the part of the borrower under the lease.
Supports legislation to provide that the charge by a condominium association or homeowners' association for an estoppel certificate is an obligation of the owner of the unit for whose benefit the estoppel certificate is requested and not the obligation of the closing agent; and to provide for enforcement of any assessment for the charge made for such an estoppel certificate.
At some point, when the landlord needs an estoppel certificate or when it's time to renew, the tenant will relish the chance to get even.
In addition to obtaining estoppel certificates from commercial tenants, you should also require an estoppel certificate from any guarantor to a commercial lease.
At some point, when the landlord needs an estoppel certificate or a tenant's cooperation for adjacent construction, the tenant will relish the chance to get even.
There is no legal requirement for tenants to include Y2K issues in their estoppel certificate.
In a decision filed June 13, 2000, the California Court of Appeal for the Fourth Appellate District held that a tenant was conclusively bound by the lease termination date recited in an estoppel certificate delivered pursuant to its lease, even though the recital differed from the actual date.
There was no mention of these coupons in the lease agreements or in the estoppel certificates signed by the tenants and former landlord; however, these tenants had legitimate coupons issued by the previous owners and thus had valid concerns.
The bill creates estoppel certificates for homeowners' associations.
0 million (the "Earnest Money") in escrow to secure its obligation to purchase the Property, which is nonrefundable except upon (i) the failure of the first mortgage lender to consent to the assumption of the existing debt by the Purchaser or (ii) the occurrence of certain other customary events, such as a default by the Seller or the failure of the Seller to deliver certain satisfactory tenant estoppel certificates.