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.
The certificate of occupancy shall indicate the conditions under which the building shall. be used. The building owner shall only use the structure in compliance with the certificate of. occupancy and any stated conditions. The structure and all approved building service equipment. shall be maintained in accordance with the approval.