Considering buying a dental practice? Your practice will likely come with a dental office lease agreement. This is one of the most important contracts you will ever sign in your career comprised of expensive risks and problems for your business. The dental office lease negotiation experts at Cirrus can help you ensure that you and your practice are well-protected long after making your practice purchase.
Buying a Dental Practice: What You Need to Know
Prior to completing your purchase, you’ll need to have your dental lease properly reviewed for hidden clauses that can potentially cost you hundreds of thousands of dollars. Without a thorough lease review, you could be inheriting a terrible lease agreement, jeopardizing your investment. At this stage, it’s critical to ensure you have lots of negotiating leverage with your landlord. Download the White Paper: “Your Guide to a Smooth Practice Acquisition & the Lease”.
Dental offices are expensive and difficult-to-relocate businesses; the landlord knows this, therefore it’s the dental office lease agreement that’s your tool to help protect your investment well into the future, and avoid costly surprises.
Items to Consider When Buying a Dental Practice
Term and Options: Does the dental office lease have enough term and options to renew left for you to use after you buy the practice? Are those options to renew available to you? Often these options disappear as soon as one tenant transfers the lease to another.
Clinic Renovations and Improvements: Does your lease give you the ability to make changes inside the dental office, and upgrade the space? Will you have to remove all of those improvements at some point down the road?
Practice Relocation: Does the dental office lease give your landlord the right to relocate your practice? If so, is it at your expense, or theirs?
Protection and Security: Is there death and disability protection in the lease to protect you and your family/estate should something unexpected happen, and you’re unable to work?
Plan ahead! There are many items to consider within your dental office lease that must be reviewed prior to buying a dental practice to guarantee your protection, providing the most effective and efficient flexibility to continue to run and grow your dental clinic.
Our Dental Office Leasing Services
Critical Dates and Risk Assessment, a.k.a. Dental Office Lease Review
Cirrus Consulting Group offers dentists the invaluable Critical Dates and Risk Assessment (CDRA), a.k.a. Dental Lease Review, which is guaranteed to save you time and money. Our CDRA arms you with essential information about the expensive traps and tricks hidden in your lease for discussions with your landlord. We guarantee that this review will help you save thousands of dollars over the life of your lease. Learn more about our CDRA, and how it can benefit you.
Dental Office Lease Negotiation Services
Avoid the endless time and frustration involved in negotiating your own lease. Cirrus’ expert Dental Lease Negotiators handle the entire process from start to finish, representing you in all dealings with your landlord or broker. We offer the full package, representing you with the expertise of an in-house legal team, skilled professional lease negotiators, real estate analysts, and ex-landlords. Learn more about our Dental Lease Negotiation services, and how we can help.
Dental Office Lease Date Tracker
Landlords aim to get dentists to pay the highest rental rates possible, which is much easier for them when the negotiation clock is ticking and there is limited time before your renewal or lease expiry date. To combat this, Cirrus is offering complimentary enrollment in our Dental Office Lease Date Tracking System. Simply enter your lease expiry date, and our system will notify you when it’s time to start thinking about your lease again. Track your lease dates now!
- Cirrus has successfully negotiated over 10,000 lease agreements across North America.
We’ve saved thousands of dentists hundreds of thousands of dollars in rent and mistakes, while significantly increasing the value of their practices.
- Established in 1994, we were founded by dentists, for dentists!
- We’ve got the full package, arming you with the expertise of an in-house legal team, professional lease negotiation team, real estate analysts, and ex-landlords!