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A commercial lease application allows landlords to assess the creditworthiness of potential tenants before a lease agreement. It enables verification of various tenant business details, including gross income, expenses, bank balances, rental history, and personal guarantees. Landlords may charge a fee for business credit checks, typically between $50 and $200. The steps for conducting a business credit check include obtaining a completed rental application from the tenant, verifying the business's status with the state via the Secretary of State's website, and obtaining the business's paydex score, which ranges from 1 to 100, through third-party services like Experian.