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.
These days, a buyer of commercial property will require that a seller satisfy a number of. technical requirements and demands as conditions to a sale, such as obtaining estoppel. certificates and subordination, non-disturbance and attornment agreements (SNDAs) from. project tenants.