Many options exist for vetting Canadian commercial renters. Having renters that are trustworthy, respectful of your property, and timely rent payers is essential. Having an in-person meeting with a prospective business renter is the first step in doing a thorough background check. Get a sense of how trustworthy they are by asking probing questions during this first encounter.
Keep in mind that initial impressions aren't always accurate. The person's identity and interests may, nevertheless, be gleaned from their tone and demeanour.
It is then recommended that you review their application. Having a rental application form on hand is an absolute must for every business landlord. Law Depot is a free service that allows Canadians to search for and prepare business leasing applications.
Please keep in mind that this application does not constitute a binding legal contract. A rental application should include the company's full legal name, the year it was founded, the business's nature, financial details, and references. It is especially important to review the financial accounts of well-established companies. Examine the business plans of startups with care.
Last but not least, check that your prospective renters can afford the rent and will accept and uphold the lease's conditions.