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What is an estoppel in Florida real estate?

An estoppel letter/certificate is used to facilitate a closing by providing a snapshot of the fees or assessments that a seller may owe to their association. In Florida, purchasers are jointly and severally liable with the previous owner for dues and assessments owed to the association.

What are examples of estoppel?

Estoppel can be understood by considering examples such as the following: A city entered into a contract with another party. The contract stated that it had been reviewed by the city's counsel and that the contract was proper. Estoppel applied to estop the city from claiming the contract was invalid.

What is an estoppel in Florida real estate?

An estoppel letter/certificate is used to facilitate a closing by providing a snapshot of the fees or assessments that a seller may owe to their association. In Florida, purchasers are jointly and severally liable with the previous owner for dues and assessments owed to the association.

What is estoppel explain?

What Is Estoppel? The term estoppel refers to a legal principle that prevents someone from arguing something or asserting a right that contradicts what they previously said or agreed to by law. Put simply, estoppel prevents one person from contradicting an action or statement from the past.

How do you prove estoppel?

In order for the principle of promissory estoppel to apply, a few elements must be in place, namely: A legal relationship. A representation of fact or future fact (promise) Proof of detriment due to misrepresentation of fact or broken promise. Proof of inequity between the parties (unconscionability)

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