What is 'Relative Value' Relative value is a method of determining an asset's value that takes into account the value of similar assets. This is in contrast with absolute value, which looks only at an asset's intrinsic value and does not compare it to other assets.
What is a Tenant Estoppel? What exactly is a tenant estoppel? By definition, an estoppel certificate is a âsigned statement by a party certifying for anotherâs benefit that certain facts are correct, as that a lease exists, that there are no defaults, and that rent is paid to a certain date.
1 If there are defaults by either party, then a specification of these defaults will be required. 2  Verification that the lease is unmodified and in full force and effect.  If the lease has been modified, then the estoppel certificate will include a statement verifying what modifications have been made.