A Wisconsin commercial lease agreement establishes a landlord-tenant understanding as it pertains to renting a non-residential property for business-related purposes. The landlord typically leads negotiations until settling on mutual terms for a successful tenancy. Before selecting a renter, however, many landlords vet prospects by obtaining reports from background check companies in order to ensure their tenant’s fiscal responsibility. Tenants who fail to meet minimal standards may still qualify through a personal guarantee, essentially bringing in a guarantor for liability purposes. After reaching terms and executing the contract, the tenant must acquire all permits and licenses required to conduct business on commercial property under Wisconsin law.
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