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.
First of all, what is an Elevation Certificate? It is a document that verifies the elevation of your building and the Federal Emergency Management Agency base flood elevation for a property in a floodplain. An elevation certificate is prepared by a licensed surveyor or engineer to compare the elevation of your building to the base flood elevations.