Question:

Leasing requirements for industrial space?

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I am looking to lease a small amount of industrial space (approx. 1000 sq. feet) in the Phoenix area. I am interested in a short-term (one year) lease. My question is: Are credit checks generally given to new tenants, my credit is not good that is why I am concerned? Making rent is not an issue....

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  1. Leasing commercial space is much like renting an apartment in the sense that the landlord wants to know if you have a history of paying your bills on time and to see if you can even afford the rent in the first place.  Therefor, you can count on your future landlord running your credit.

    Just like apartments, there are ways around this situation.  Honesty is the best policy and be prepared to offer a huge deposit to offset your poor credit history.  The landlord just wants to make sure he gets paid.

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