Final answer:
A property manager or leasing agent should request a business plan from a business applicant, which details the business's strengths, weaknesses, goals, financial resources, and financial planning.
Step-by-step explanation:
When a property manager or leasing agent evaluates a business application, they should request the applicant to provide a business plan. This document should encompass a thorough analysis of the business, including its weaknesses and strengths, the owner's goals and objectives, detailed financial resources, and a strategic financial plan for the business. Having a well-documented business plan is quintessential, as it allows outside investors, such as bondholders and shareholders, who might not have personal knowledge of the managers, to assess the potential and provide financial capital based on the available information about the company's products, revenues, costs, and profits.