CERTIFICATION

Re: Morgan Stanley Capital I Trust 2021-L5, Commercial Mortgage Pass-Through Certificates, Series 2021-L5 (the “Transaction”), issued pursuant to the Pooling and Servicing Agreement dated as of May 1, 2021 (the “Pooling and Servicing Agreement”), executed in connection with the Transaction (capitalized terms used but not defined herein have the meanings set forth in the Pooling and Servicing Agreement).

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I, Jane Lam, certify that:

1. I have reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this report on Form 10-K of Morgan Stanley Capital I Trust 2021-L5 (the “Exchange Act periodic reports”);

2. Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports;

4. Based on my knowledge and the servicer compliance statement(s) required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicer(s) have fulfilled their obligations under the servicing agreement(s) in all material respects; and

5. All of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K.

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:

· Wells Fargo Bank, National Association, as Trustee

· Wells Fargo Bank, National Association, as Certificate Administrator

· Computershare Trust Company, National Association, as Servicing Function Participant for the Certificate Administrator

· Wells Fargo Bank, National Association, as Custodian

· Computershare Trust Company, National Association, as Servicing Function Participant for the Custodian

· KeyBank National Association, as Master Servicer

· LNR Partners, LLC, as Special Servicer

· Pentalpha Surveillance LLC, as Operating Advisor

· KeyBank National Association, as Master Servicer under the BX 2020-VIVA securitization, pursuant to which the following mortgage loans were serviced by such party: MGM Grand & Mandalay Bay (from 1/1/25 to 12/31/25)

· LNR Partners, LLC, as Special Servicer under the GSMS 2020-GSA2 securitization, pursuant to which the following mortgage loans were serviced by such party: Signature Office Portfolio (from 1/1/25 to 12/31/25), Appletree Business Park (from 1/1/25 to 12/31/25)

· Argentic Services Company LP, as Special Servicer under the MSC 2020-L4 securitization, pursuant to which the following mortgage loans were serviced by such party: McCarthy Ranch (from 1/1/25 to 12/31/25)

· Wells Fargo Bank, National Association, as Custodian under the GSMS 2020-GSA2 securitization, pursuant to which the following mortgage loans were serviced by such party: Signature Office Portfolio (from 1/1/25 to 12/31/25), Appletree Business Park (from 1/1/25 to 12/31/25)

· Computershare Trust Company, National Association, as Servicing Function Participant under the GSMS 2020-GSA2 securitization, pursuant to which the following mortgage loans were serviced by such party: Signature Office Portfolio (from 1/1/25 to 12/31/25), Appletree Business Park (from 1/1/25 to 12/31/25)

· Wells Fargo Bank, National Association, as Custodian under the MSC 2020-L4 securitization, pursuant to which the following mortgage loans were serviced by such party: McCarthy Ranch (from 1/1/25 to 12/31/25)

· Computershare Trust Company, National Association, as Servicing Function Participant under the MSC 2020-L4 securitization, pursuant to which the following mortgage loans were serviced by such party: McCarthy Ranch (from 1/1/25 to 12/31/25)

Date: March 26, 2026

By /s/ Jane Lam

Name: Jane Lam

Title: President

Morgan Stanley Capital I Trust 2021-L5 10-K