A commercial rental lease application is filled out by a prospective tenant and then reviewed by a landlord to confirm the business’s income and liabilities. An application fee may be charged to cover the cost of conducting a credit check. The applicant might also need past tax returns and bank statements to demonstrate the business’s revenue and profit.

This Commercial lease agreement is for renting out space for retail, office, or industrial use. Rent is based on PSF, plus NNN expenses (usually property taxes, insurance, and maintenance costs). Most leases last 3-10 years, with a predetermined rate for renewal.