Five Important Lease Clauses for Selling Your Practice

There is no such thing as a ‘standard lease’.   Lease agreements vary, even for tenants in the same building.  Did you know…

• 40 per cent of dental leases result in an automatic termination when tenants request permission to transfer the business and lease to a new practitioner?
• Certain leases have a right to the proceeds of sale i.e. from the sale of your practice, that can cost you thousands of dollars in ‘key money’.

Five important clauses you should be aware of in your lease include:

1. Death/ Disability Rights and Retirement
2. Proper Options to Renew
3. Length of Term
4. Proper Assignment
5. Limit personal risk

When the time comes to sell your practice, you should be prepared and looking forward to receiving a high return on the investments, you have put in. To ensure that there are no last minute surprises your lease agreement negotiation system needs to be set up for practice sale.

• Cirrus Consulting Group has over 15 years of experience and has reviewed thousands of dental office lease agreements across North America. Our expert consultants guide dentists through our proven process while negotiating with landlords to mitigate risk and to secure that our client’s lease agreements have the appropriate clauses enabling them to sell or transition out of their practice, seamlessly, successfully and profitably.

OUR LEASE NEGOTIATION SERVICES INCLUDE:

Critical Dates and Risk Assessment (CDRA)
We review and analyze your dental office lease to flag critical action dates and identify any hidden risks. Next we create a tactical plan on what the ideal lease should look like and how to negotiate for it effectively. Learn more

Professional Lease Negotiation
Cirrus handles the entire lease negotiation process, from start to finish with an aim to increase practice value, reduce risk and secure the best possible lease. Learn more

To learn how you can benefit from our expertise, click here or call us today at 1.800.459.3413