Many independent retailers and small business owners approach a landlord’s request for an estoppel certificate as an innocent formality. The documents are relatively brief and usually appear to state the obvious (rent, lease term, square footage, etc.). Nonetheless, lurking among the seemingly obvious are laws and inferences that may lead to unintended consequences that negatively impact lease rights and business operation. Understanding the purpose of an estoppel certificate and its effects is the first step to avoiding disaster. Continue reading
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