The Commercial Lease Application is a crucial component when leasing your space to another person/business. Before you allow someone to occupy your property for commercial purposes, you want to know their background to ensure that they properly use your facility and keep up with the demanded payments. What this document collects is the essential data needed to adequately screen a possible tenant. This would include data concerning:

• Business owner’s personal information.
• Specifics regarding the company.
• Name(s) of the individual(s) that will “Guarantee the Lease”.
• Past commercial properties rented.
• Bank & credit references.
• Gross revenue & expenses.
• Current assets & liabilities.

All these details should be followed up with the parties’ authorization confirming that they consent to any investigation of the content provided within the application. To do this, the applicant(s) will just have to sign the instrument within the indicated areas of the form.