Protect Interests When Negotiating the 'New' Estoppel Certificate Clause
Although it’s a common provision in leases, don’t make the mistake of agreeing to just any terms in the owner’s standard form language for the estoppel certificate clause. Changes in the economy and the need for increased flexibility on the part of tenants make it crucial to push back against terms that could paint you into a corner later. Don’t underestimate the estoppel clause’s power. Instead, carefully negotiate its terms so you end up with a clause that helps, not hurts, your interests.