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A commercial lease application enables landlords to assess a potential tenant's creditworthiness before entering a lease agreement. It allows verification of the applicant's business details, including gross income, expenses, bank balances, rental history, and personal guarantees. Landlords may charge a fee of $50 to $200 for business credit checks. The process involves several steps: obtaining a completed commercial rental application from the applicant, verifying the business's standing through the state's Secretary of State website, and obtaining the business's Paydex score, which is provided by third-party services like Experian, measuring credit performance on a scale from 1 to 100.