Description
Mega Group’s Commercial Tenant Screening service is a comprehensive due diligence program designed to ensure that prospective and existing tenants conform to your company’s ethical standards and corporate requirements.
Features
By providing detailed profiles into prospective commercial tenants, owners, officers and business partners, domestic or abroad, Mega Group Online determines tenant leasing history, licensing, insurance, business practices and reputation. Litigation, financial histories, and assets, as well as environmental and hidden liabilities can be discovered as well. Our combination of research abilities and global contacts allows you to take control of your transactions even in the absence of a long-standing business relationship.
Benefits
Mega Group customizes each screening program to help minimize potential losses from tenant-related fraud and prevent problems that could have a negative impact on your company and cash flow. Screening fees may be paid by the tenant, creating a cost effective solution in making informed decision about the companies and individuals you do business with.
Screening of Owners and Officers
This portion of the screening process allows you to learn about the background of the owners and officers of the prospective tenant. While the business (Lessee) may not have derogatory information, shady background of its officers may adversely affect the ability of the business to remain active for the length of the leasing contract. We recommend the following searches to be conducted on any individual signing the contract and or officers/owners of the business (Lessee).
- Social Security Trace
- Onsite County Criminal Search
- National Sex Offenders Search
- Onsite County Civil Record Search
- Credit History Search
- Additional Business Affiliations Search
Additionally we may recommend conducting the following searches as well:
- Evictions
- Bankruptcy
- Liens & judgments.
- National criminal and or Statewide Criminal
- Federal District Civil Record Search
Screening of the Prospective Commercial Business Entity
This portion of the screening process allows you to learn about the background of the prospective tenant (business). We recommend the following searches to be conducted:
- Onsite County Civil Record Search
- Business Credit Reports*
- Business Name Filings –(comprehensive)
- Corporation/Limited Partnership Search
- Previous Landlord Reference Interview
- Company Checks Verification
Additionally, we may recommend conducting the following searches as well:
- Federal District Civil Record Search
- Bankruptcy
- Liens & Judgments
-
Landlord Reference Interview
Mega Group offers four levels of business credit reports as follows:
Business Verify
This brief summary report is ideal for verifying essential business information. It provides facts and figures on companies — even for those that have not yet established business credit scores.
Credit Score
Business credit reports and business credit scores are completely separate from your personal credit report and personal credit scores. A business credit report shows the same types of information as a personal credit report, but it is specific to a business’s debt repayment and public records, such as bankruptcies or tax liens. Business credit scores also might include information about the business owners and officers. They often are used in combination with a personal credit report for a small-business owner.
Business Profile
The right credit decision can make or break a small business. You need detailed information to make medium to high-risk business credit decisions with confidence. A vital tool for credit risk management, Business Profile commercial credit reports provide you with the most complete and in-depth analysis of a business’s credit information.
Business Credit Monitoring
While making a decision to enter into a long term leasing agreement with a new or existing commercial tenant, this product assist you monitoring and alerts you if your tenant is under financial stress during their lease, or if any additional derogatory information is being reported about the tenant. For the following 12 months, Mega Group Online will email you alerts of significant changes and inquiries about your tenant.
