How do you screen commercial tenants?

[Adam S.]

Hey everyone, Pretty soon I will need to release a property and haven't had to screen clients before (property already had tenants). I know commercial is a lot tougher to screen for than residential. Residential you normally look at their monthly wages, but obviously commercial doesn't work that way. Can you suggest criteria I should look for: 1. I'm going to do credit checks, but what credit range should I be looking for? 2. I assume you look at net worth in regards to their financials, but how do you specially go about this? Do you get a banking statement with how much is in their bank account? In relation to monthly rent how much more should their net worth be? 3. Do you only work with people who have previously been in the same business? 4. Any recommendations on how to do a criminal background check? 5. How much of a deposit do you have them do? How many free months do you give? Do you raise the rent each year?