Here are some basic rules to keep in mind when applying for a lease of a commercial property. #1.  Have a Business Plan.  This is much easier if you are buying an existing business.  If not, Be prepared to justify all the things you make up in the business plan. #2.  Have a Credit Report Ready.  The landlord wants to know if you have a habit of making payments on time.  Because if you don’t, they’ll know that they are setting themselves up for trouble.  If you do have blemishes on your credit report, well, ask yourself why.  If the reason is good, such as lost a job or unforeseen medical bills, then write a detailed explanation and INCLUDE it with the Credit Report when submitting a package to the Landlord.  If … Read entire article »