MTR lease with a corporation

[Nick Zupec]

Hi MTR community,

We regularly work with local companies to find MTR tenants, but up until now the tenant has always signed the lease, received a per diem, and paid us directly. This is the first time that the corporation wants to sign with us directly. This particular time will be a 6 month lease with a single tenant over that time. What do you do differently in this situation? Specifically:

1. Do you still use an application? This is a large established corporation so I'm not concerned, and most of my application questions wouldn't make sense. However, I'm big on systems and processes so it makes me uncomfortable to change things up and not do an application!

2. How do you confirm that the person at the corporation is authorized to sign a lease on the company's behalf? Do they usually provide an authorization form? I don't want to sound like this is my first time doing this when I ask.

3. Do you still background check the tenant? The credit check is likely pointless if the corporation is paying the rent, but it is an apartment building so I feel like everyone in the building should have gone through the background check.

4. Who actually signs the lease? My initial thought was that the tenant would sign the lease with the corporation signing a lease guarantor agreement. If the agent of the corporation signs the lease, do you have the actual tenant as an additional party on the lease?

Anything else that you do differently that I'm missing? Thanks so much for thoughts on any of these items!

[Drew Sygit]

@Nick Zupec didn't see your previous post.

1) May need abbreviated application for corporate billing address, signer info

2) You do need something! 
- What happens if you have to sue the company?

3) Why? The company assumes 100% of the actions for any & all occupants - if your lease is written well.

4) Company would sign the lease.

We really LIKE it when tenant/guest attorneys review our lease!
- We look at as free legal advice to make our lease better:)