What Financials Are Needed for a Commercial Lease
Whether you’re a startup or an established retailer aiming to grow your retail center or strip mall operations, you’re likely looking to lease commercial space. When you approach a landlord for a commercial lease, they require you to assure them that you will be able to pay rent on time.
If it’s a shopping center startup, they know that new tenants won’t make any profits for at least six months or even a year and will still need to take care of inventory, payroll, and upfront costs. They want to see how much you have left after paying those upfront expenses to pay for 6 to 12 month rent during the upcoming year. Hence, be prepared to provide the following financial documents they may request for the commercial lease: