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Encrypt Lease Application (Commercial)

Encrypt Lease Application (Commercial)

Aug 6th, 2022

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How to Encrypt Lease Application (Commercial)

4.7 out of 5

67 votes

A commercial lease application enables landlords to assess a potential tenant's creditworthiness before finalizing a lease agreement. It allows verification of the tenant's business details, including gross income, expenses, bank balances, rental history, and personal guarantees. Landlords may charge a fee for conducting business credit checks, typically between $50 and $200. Key steps in performing a business credit check include obtaining a completed rental application from the prospective tenant and verifying the business with the state's Secretary of State website to confirm good standing. Additionally, landlords can obtain the business's Paydex score from third-party services, which ranges from 1 to 100.

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