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Word #24 Estoppel (or Estoppel Certificate) A legal principle that prevents someone from denying facts they previously confirmed as true. In real estate, it’s often a document that verifies lease terms and tenant information. 🧠 Memory trick: “You’re stopped from switching your story.” (Estoppel = stop-ple changing facts.)#NewRealtor #realestatestudent #PassYourExam
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Thinking about selling your multifamily property? 🏢 Here’s what you need to know before you list ⬇️ Two of the most important documents for any multifamily sale are your estoppel certificates and your income & expense statements. 📄 Estoppel Certificates — These are signed by your tenants and confirm the rent, deposits, and lease terms currently in place. Buyers and lenders use them to verify what’s real — protecting both sides during escrow. 💰 Income & Expense Statements — These show your pro
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