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Single Tenant Lease Financing Checklist
Single tenant occupation is when just one tenant rents the entire building and uses it for just one type of business. Usually single tenant leases are given to businesses so that the landlord does not have the headache of keeping track of all the tenants and renters. |
Many times single tenant lease financing is available when a business is interested in leasing an entire business. However, when you are applying for finance, you should ensure that your application contains all the information requested by the lender. The more complete your application, the better your chances of getting approval for a single tenant lease financing.
So, here is a single tenant lease financing checklist that you can follow. However, you should make sure you get a checklist from your lender so that you know exactly what he needs because that checklist maybe slightly different from the one listed below.
Single Tenant Lease Financing Checklist:
- Borrower's Information
- Contact Information
- Resume of the owner or the principal
- Description of the borrower
- Financial Information
- Financial history for the existing property
- Rental Income, if any
- Income from seasoned and unseasoned projects
- Financing Request
- Financing amount requested
- Type of financing requested
- Terms of the lease financing
- Present financing available
- Location Information
- Description of the location where the single tenement is located
- Property Information
- Description of the property in question
- Survey
- Appraisal
- Agreement with the landlord
- Architectural drawings and site plans of the tenement
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Single Tenant Lease Financing Checklist
