Assertion: lease's provision | /r/Desires | the ground lessor
Facets:
value: to provide an estoppel certificate
type: PURPOSE
Source sentences:
text: As added protection in the event the ground lease is terminated before its expiration date, a financeable ground lease may also contain provisions requiring the ground lessor to enter into a new ground lease with the lender on the same terms and conditions as the original ground lease and would be effective for the balance of the term of the original ground lease.
text: A ground lessee who anticipates seeking leasehold financing would be well-served by at least obtaining a provision requiring the ground lessor to provide an estoppel certificate to a leasehold mortgagee from time to time.