What do commercial landlords need?


Often the value of a commercial lease is determined as much by the terms of the lease itself as the due diligence done by the landlord or its counsel before the signing of the lease.

To help ensure the performance of a commercial tenant through the term of a lease, the landlord or its counsel should obtain all of the following items before the signing of the lease:

  • Security deposit and as much advance rent as possible

  • Financial records/tax returns for the corporate tenant and guarantor

  • Credit check for the corporate tenant and guarantor

  • Personal guaranty of the principal of the tenant

  • Copy of driver’s license of guarantor

  • Tenant’s insurance policy covering damage to property - - not just declarations page

  • Contractor’s insurance policy covering damage to property - - not just declarations page

For more information on protecting you or your business, please feel free to contact The Bachman Law Firm at 845-639-3210 or at judith@thebachmanlawfirm.com

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The Bachman Law Firm PLLC helps business clients with matters including lawsuits, collections, real estate, contracts, corporate issues, and trademarks and copyrights. With offices in New City, the firm serves clients in New York and New Jersey including those in Manhattan, Bronx, Queens, Brooklyn, and Rockland, Westchester, and Bergen. 

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THE BACHMAN LAW FIRM PLLC

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