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Define Estoppel in Real Estate

Estoppel: 

"Estoppel" is a legal principle that stops someone from going back on their word or denying something they previously agreed to. It's like when you make a promise to your friend, and later you can't pretend you didn't because they can prove you made the promise.

Example: 

For example, let's say a landlord tells a tenant they don't need to pay rent for a month as a reward for being a great tenant. Later, the landlord changes their mind and tries to demand the rent. The tenant could use estoppel to remind the landlord of their earlier agreement and avoid paying rent for that month.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

In the world of law and truth,
Estoppel is a principle, forsooth!
It keeps your word, once given, intact,
So you can't deny, it's an honest pact.

Imagine a landlord, kind and wise,
Who tells a tenant, "I'll let the rent slide."
But later, they change their mind, oh dear,
Demanding the rent, causing the tenant to fear.

Estoppel swoops in, a legal ace,
Reminding the landlord of the earlier grace.
"You said no rent," the tenant will cheer,
"Estoppel protects me, no payment, I'm clear!"

So when promises made need defending,
Estoppel is there, truth it's upending.
Keeping us honest, our words to the letter,
Estoppel ensures, our agreements are better.