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What is estoppel in simple terms?

Estoppel is an equitable doctrine, a bar that prevents one from asserting a claim or right that contradicts what one has said or done before, or what has been legally established as true. Estoppel may be used as a bar to the re-litigation of issues or as an affirmative defense.

Is an estoppel legally binding?

A tenant estoppel certificate is a binding document that clarifies the current status and terms of the lease agreement between a landlord and a tenant for a prospective purchaser of property.

What is an estoppel clause in real estate?

When it comes to commercial real estate, the tenant estoppel is a document, signed by a tenant, that verifies the terms, conditions, and status of the lease they have signed off on. In many commercial leases, a tenant estoppel certificate or letter is required to be provided upon request.

What is an estoppel clause in real estate?

When it comes to commercial real estate, the tenant estoppel is a document, signed by a tenant, that verifies the terms, conditions, and status of the lease they have signed off on. In many commercial leases, a tenant estoppel certificate or letter is required to be provided upon request.

What is estoppel in lease?

What is an Estoppel Certificate? An estoppel certificate is a legally binding document whereby a tenant represents or promises certain things regarding its lease or rental agreement to be true.

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