Why does the lease matter if I own the building?
When you own the building, you still need a lease in place as your practice remains the same, and the appraised value is still determined by the equipment, goodwill (patients), and the dental lease agreement.
Because building acquisition is expensive, with certain liabilities that come with owning commercial real estate, you’ll likely be advised to acquire the property as a separate company than your dental practice. In other words, it’s not the practice that’s buying the building, therefore there will be two separate companies: the landlord company, and the tenant company. Your office lease establishes how the relationship is set up between these the two companies, outlining their obligations to one another, separating them carefully for various legal and accounting reasons.