Commercial Lease Application: Fill out & sign online

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Click ‘Get Form’ to open the Commercial Lease Application in the editor.
Begin by filling in the 'Landlord/Lessor' and 'Date of Application' fields at the top of the form. Ensure accuracy as this information is crucial for processing your application.
Next, provide details about your business, including 'Business Name' and names of individuals who will sign the lease. Fill in their driver's license numbers, states of issuance, social security numbers, and dates of birth.
Indicate whether your business is a corporation or LLC. If yes, specify the type of entity and provide the Federal Tax ID Number along with the state where it was formed.
Complete sections for credit references and contact information. Include names, addresses, and phone numbers for each reference to support your application.
Review all entered information for accuracy before signing at the bottom of the form. Remember that all signatories must complete this step.

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What is the minimum term for a commercial lease?

Understanding Commercial Leases Most commercial leases typically have fixed terms between 1 and 25 years, with 1 to 3 years being the most common. The term is agreed upon between the landlord and tenant before entering into the lease.

What do I need to lease a commercial property?

The landlord of a commercial space for rent may require the following: Security deposit (e.g., one months rent or more) Financial statements. Profit and loss statements. Balance sheet. Business bank statements. Previous landlord information. Credit reports. Business tax returns.

What are the three types of commercial leases?

There are three categories of leases when it comes to commercial real estate: Gross Lease (also known as Full Service Lease), Net Lease, and Modified Gross Lease. The main similarity among these leases is that they all provide a base rent with variations around who pays for which operational expense.

What credit score is needed for a commercial lease?

After receiving the applicants business credit score, you should check the company owners credit score. Unlike company credit scores, personal credit scores fall between 300 to 850, with 850 being the best score. Your applicants should have scores of at least 700 for consideration of your rental.