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.
Permission to use the property of another for a limited purpose that is generally fully revocable by the giver of the license. Doctrine of Estoppel: Where the holder of the license substantially and detrimentally relied on the license grant, the license can become irrevocable.A license is oral or written âpermissionâ to enter the land of another person for a particular purpose. A license is fully revocable by the grantor of the license.In addition, unlike an easement in gross, a license is not an interest in land.It merely allows the license holder to use the land in the manner sanctioned by the owner. For example: Tom owns Catacre and has a neighbor named Jerry. license is fully revocable by the grantor of the license. In addition, unlike an easement in gross, a license is not an interest in land. It merely allows the license holder to use the land in the manner sanctioned by the owner. For example: Tom owns Catacre and has a neighbor named Jerry.