What to Verify (Tenant)

Credit history. Obtain a credit report on the business owner(s). If they have outstanding debts, it will appear on their personal credit report.
Past tax returns. Request the last 2-3 years of tax returns. This will show if the business is profitable and the business owner’s income.
Financial statements. Such as a P&L statement, balance sheet, or other income statements.
Background check. To search public records for any criminal history or if the owner has been involved in legal proceedings.
Ordinance check. Confirm that the business use would be in accordance with local zoning and code enforcement laws.

Consent for a credit check?

Individual

Consent is required if a consumer report (credit check) is being generated on an individual. (15 U.S.C. § 1681b(a)(2))

Business

Consent is NOT required if a consumer report (credit check) is being generated on a business entity.