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The Alabama commercial lease agreement is a form a Landlord and Tenant use to establish terms and conditions for the business-related use of a property. Once both parties sign, the deal is legally binding.
When Does a Commercial Lease Agreement Become Legally Binding?
The Commercial Lease Agreement becomes legally binding when both parties sign the contract and the buyer receives notice that the seller has accepted the deal. The buyer can receive the notice in person, by phone, and/or email.
Alabama Business Entity Search
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Rental Laws ⚖️
How to Lease Commercial Rental Property?
2 Options:
How to Process Rental Inquiries?
Property owners will know who is seriously interested in renting the Commercial Rental Property by potential Tenants requesting to see the property in person (property showing).
How to Screen Tenants?
There are five ways Landlords can screen potential Tenants to see if they are a good fit for the Commercial Rental Property for Lease:
- Commercial Lease Application
- Copy of Drivers License
- EIN (business)
- Previous two years of business tax returns (IRS Form 8879-S or IRS Form 1120S)
- Last two years of personal income tax returns (IRS Form 1040).
Screening Services:
Individuals – MySmartMove (TansUnion)
Businesses – Dun & Bradstreet