Estoppel Certificate Provisions are usually given little, if any, attention during lease negotiations. As long as a lease contains basic language requiring a tenant to provide an estoppel certificate from time to time, most parties to a lease negotiation simply gloss over the provision and move on to weightier issues.
In the Spotlight: Landlords Should Not Overlook the Importance of Estoppel Certificate Provisions
Estoppel Certificate Provisions are usually given little, if any, attention during lease negotiations.As long as a lease contains basic language requiring a tenant to provide an estoppel certificate from time to time, most parties to a lease negotiation simply gloss over the provision and move on to weightier issues. In certain situations, particularly where a tenant is the major, if not the only, tenant of a particular real estate project, a landlord seeking to sell or refinance its asset needs to be in the position of requiring the tenant to timely deliver an estoppel that will pass muster with its lender or purchaser (and such purchaser's lender).
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