What financials should prospective tenants provide to the landlord to obtain a lease? Is there specific form?

I am helping a business owner compile this financials to submit to a landlord. What documents and in what format should it presented in?
In Leasing Property - Asked by Remax D. - Mar 26, 2014
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Answer(s)

Ed C.
Broker/Agent
Hackensack, NJ

Generally, a credit report, profit/loss statement or recent tax return may do. Typical security deposit would be 2-3 months rent. If the business is under 3 yrs old depending the type of property being leased, the landlord may require a personal guarantee.

Mar 27, 2014
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Glen W.
Lender/Mortgage Broker
Atlanta, GA

Along with the items below by Ed, don't forget the softer side of screening. Make sure you meet the tenant and if possible visit one of their other locations. You want to make sure the tenants model is viable and also that they will "fit" with your property. For example if you are trying to position your property as higher end, a pawn shop would likely not be a good fit

Apr 1, 2014
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