Screening commercial tenants

[Adam Beckstetdt]

What are your best practices for screening commercial tenants? I have read the regular items like company P&Ls, bank records for the business and personal, business and personal tax returns, etc...

Some of these sound a bit overboard if I think in the reverse direction and I was the business. 

I have a property that has apartments for rent and then a commercial building with a bullpen area. I definitely will do a background check however I want to know how to cover myself in the application process without turning people away. I have had two people interested. The first one stopped contact when I asked for all of the items and the second one seemed like I was crazy. This will be my first commercial rental so your help would be greatly appreciated. BTW this property will rent from 1500-2000/month if that helps.