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.
Homeowners who want to sell their home have no choice but to pay the estoppel fee charged. Unlike most products or services related to the sale of your home, an HOA estoppel letter is one of just a few expenses that you canât shop for in the open market for the best price and service.