North Dakota Commercial Lease Agreement
The North Dakota commercial lease agreement may be used for any business related use when occupying property from a landlord. The standard types of space include retail, office, industrial, and restaurant uses which may be made legally bound via signature of the lessor and lessee.
Verification of Tenant
Legal advisors will often cite that the use of a rental application for the individual or the principal(s) of the entity should be used to ensure that they are able to pay the monthly amount. If it is a new business, the landlord should require a personal guaranty on behalf of the entity’s owner(s).
The landlord may view the entity’s information at the Secretary of State level by searching the business database.