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.
Cases interpreting tenant estoppel certificates are largely driven by the facts of each dispute. Common to all of the disputes, however, is a determination that the shopping center purchaser (as well as a landlord) is entitled to rely upon the representa-. tions made by a tenant in an estoppel certificate.