The Commercial Lease Application is a critical preliminary document in the commercial property letting process under English and Welsh law. It is typically used when businesses or individuals seek to lease commercial premises and need to provide comprehensive information about their financial status, business history, and intended use of the property. The application helps landlords evaluate potential tenants' suitability and includes essential details such as financial references, trade history, and proposed terms. This document forms the foundation for subsequent lease negotiations and must comply with relevant property legislation in England and Wales.
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1. Applicant Details: Full legal name, contact information, and company details if applicable
2. Property Requirements: Desired location, size, use class, and specific requirements
3. Financial Information: Business accounts, bank references, and proposed rental terms
4. Trade History: Previous business experience and rental history
5. Proposed Use: Intended use of premises and any required planning permissions
1. Guarantor Information: Required when additional financial security is needed - typically for new businesses or where financial standing is uncertain
2. Fit-out Proposals: Details of any proposed alterations or improvements - required when premises need modification for intended use
3. Additional Occupiers: Information about other intended occupants - required when multiple entities will occupy the space
1. Business Plan: Detailed business proposal and financial projections
2. Company Accounts: Last three years of financial statements if available
3. Bank References: Supporting financial documentation
4. Trade References: References from previous landlords or business partners
5. Proposed Floor Plans: Layout plans if modifications are required
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