Negotiate New and Standard Terms in Estoppel Certificate Clause

If you’re working with a prospective lender, buyer, or investor for your office building or shopping center, the last thing you want is a surprise tenant issue that can hold up or even kill the deal. Any party preparing to spend money will want to know that it won’t be blindsided later with tenant claims that it’ll be responsible for resolving. For example, a tenant could assert that you’ve defaulted on the lease for any number of reasons, such as failing to pay it for tenant improvements you agreed to or not making necessary repairs to its space.