Tenant ID
Legal entity name, DBA, EIN, formation state, and full address; needed to draft correct landlord-tenant obligations and verify corporate authority.
A clear requisition reduces negotiation friction, prevents omissions that cause cost or delay, and creates a single source of truth for lease drafting and due diligence. It improves accuracy for rent, term, and legal entity data and helps underwriters and counsel review background materials efficiently.
Parties involved in preparing and submitting a Commercial Lease Requisition vary by transaction size and complexity.
A well-structured requisition aligns expectations across leasing, legal, finance, and facilities teams and reduces follow-up cycles.
Legal entity name, DBA, EIN, formation state, and full address; needed to draft correct landlord-tenant obligations and verify corporate authority.
Name, title, contact, and corporate authorization documentation (resolution or power of attorney) to confirm who may bind the tenant legally.
Requested commencement/expiration dates, renewal options, rent structure, and CPI or fixed escalations to shape primary economic lease clauses.
Suite number, square footage, intended business use, hours of operation, and any hazardous materials to ensure zoning and CAM compatibility.
Most recent financial statements, credit references, guarantor details, and security deposit requirements for landlord underwriting and risk assessment.
Insurance certificates, tenant improvement specs, drawing exhibits, and prior landlord references that must accompany the requisition when submitted.
| Field | Configuration |
|---|---|
| Role Assignment | Define signer, reviewer, and approver |
| Required Fields | Mark critical fields as mandatory |
| Conditional Routing | Auto-route based on credit or lease value |
| Document Retention | Set archival rules and versioning |
Use an eSignature platform that supports secure uploads, role-based routing, and detailed audit trails.
Verify the chosen platform meets any required compliance (e.g., HIPAA for healthcare tenants) and supports the integrations your organization needs.
Often 5–10 business days to return completed requisition
Typically 7–14 business days after submission
3–10 business days after clearance from legal
Varies; often within 30 days post-approval
Specified in LOI or lease commitment
Define basic economics and trigger requisition delivery.
Tenant provides completed form and attachments.
Landlord confirms credit, insurance, and use.
Signed lease returned and deposits processed.
Martin Properties used a standardized requisition to collect tenant financials and insurance quickly
Optica Ventures required a requisition for each prospective tenant to support portfolio underwriting
| Criteria | Lease Requisition | Standard Lease |
|---|---|---|
| Primary Purpose | collect info | create contractual terms |
| Timing | pre-lease | post-agreement |
| Typical Attachments | financials & plans | full lease exhibits |
| E-sign Friendly |
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | No | No | Yes, limited | Yes, limited |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |