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A commercial lease application allows landlords to assess a potential tenant's creditworthiness before entering a lease agreement. It helps verify crucial details about the tenant's business, such as gross income, expenses, bank balances, rental history, and personal guarantees. Landlords may charge a fee, typically ranging from $50 to $200, for conducting business credit checks. The process includes several steps: acquiring a completed rental application from the tenant, verifying the business's status through the state's Secretary of State or equivalent website, and obtaining the business's Paydex score from third-party services like Experian, which rates creditworthiness on a scale from 1 to 100.