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estoppel
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estoppel

In law, a conclusive admission that cannot be denied. For the rule of estoppel to operate in law, a denial of the truth of the statement or facts relating to it must have been made, and the person hoping to benefit from the estoppel must have acted upon the denial before the true position was known (usually to his or her detriment).



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In a leased property, obtaining estoppels on a proper form and examining them closely will reveal volumes about the tenants' expectations.
Hot issues in today's real estate market by Schwarz, Mark / Real Estate Weekly
We prepared and negotiated the purchase and sale agreement, negotiated with the various franchise companies (Marriott Hotels, InterContinental Hotels and Carlsen Hotels), prepared and negotiated the assignments of ground lease and ground lease estoppels, oversaw the defeasance process and got the entire deal closed with a little over one month from the execution of the purchase and sale agreement.
Small San Francisco Law Firm Haas & Najarian Delivers Big Results; ... by Business Wire
The deposits are non-refundable except if consents to the assumption of mortgages, third party financing commitments or estoppels are not obtained with respect to certain of the properties to be acquired under the Sale Contract or if certain other contingencies occur.
First Union Announces Radiant Deposit of $6 Million Under Sale ... by Business Wire
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