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estoppel
(redirected from estoppels)

   Also found in: Medical, Legal, Wikipedia, Hutchinson 0.03 sec.
es·top·pel  (-stpl)
n. Law
A bar preventing one from making an allegation or a denial that contradicts what one has previously stated as the truth.

[Obsolete French estouppail, from Old French estouper, to stop up, from Vulgar Latin *stuppre; see stop.]
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.estoppel - a rule of evidence whereby a person is barred from denying the truth of a fact that has already been settled
rule of evidence - (law) a rule of law whereby any alleged matter of fact that is submitted for investigation at a judicial trial is established or disproved

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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.
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.
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.
 
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