A statement from one party to another, providing information on which the recipient is entitled to rely. For example, a purchaser of a property may require a tenant to give an estoppel certificate to a new owner or that new owner’s lender identifying information regarding the nature and status of the tenant’s lease, and this estoppel certificate is also intended to prevent or “estop” the tenant from later raising, as defenses to a claim under the lease, facts the tenant omitted to claim in the estoppel certificate.
« Back to Glossary Index
« Back to Glossary Index