Did you know that hidden traps and clauses in your dental office lease can cost you hundreds of thousands of dollars in mistakes and rent?
The dental office lease is one of the most important documents you will ever sign. Landlords use the lease as a tool to make as much money as they can from dentists, making it particularly critical that the terms and clauses within it are set up to help protect your investment, rather than hinder it.
The experts at Cirrus Consulting Group are here for your protection, specializing in office lease negotiations and review services for dentists. We provide the guidance and expertise critical to the health and long-term security of your dental practice.
Our Dental Office Lease Negotiation Process: What to Expect
Dental Office Lease Review & Rental Analysis
Our professional Lease Negotiators will review your lease for important dates, identify potential problem areas and risks, and develop a lease improvement and negotiation strategy to help you achieve fair and equitable leasing terms that not only help protect your financial investment, but prevent landlords from gaining an unfair advantage. Some of the key issues Cirrus lease negotiators highlight include:
Assignment Provisions: Are there assignment provisions present in your office lease that affect your ability to transfer or sell your practice down the line?
Personal Financial Obligations: Has the lease been signed under your personal name or incorporated entity? Will you be liable for the property rent after selling or transferring the practice?
Protection and Security: Is there “death and disability” protection for your family/estate in your lease, permitting you to terminate the agreement in the event something happens that prevents you from working?
Unexpected Practice Relocations: Does the lease permit your landlord to relocate the clinic? If so, is it at your expense or theirs?
The Lease Negotiation Plan & Strategy
The next step in the dental office lease negotiation process is creating a tactical plan based on what your ideal lease agreement should include, and decide how to negotiate for it effectively. Our expert leasing consultants will speak with you by phone to discuss the nuances of your practice, your future career plans and your individual practice and leasing requirements.
Armed with this knowledge and dental market research, we’ll work with you to devise a negotiation strategy that will increase your chances of getting what you need from your upcoming negotiation. Our Lease Negotiators are known for their honesty, integrity, prompt responses, full-disclosure, detailed explanations and recommendations as-needed, and when requested by our dentists.
The Office Lease Negotiation
From start to finish, our negotiators act as the liaison between you and your landlord or broker, managing the entire process from start to finish, so you don’t have to. You will feel safe knowing that you’re supported by the expertise of our in-house Lease Negotiators, legal team, commercial and market research analysts, dental practice brokers, and ex-landlords.
Why You Need Our Lease Negotiators
Without a thorough lease review and expert negotiator on your side, you could be critically jeopardizing your investment and putting yourself and family at risk. Research and a solid clinic lease negotiation strategy is critical.
Lease Economics: We’ll work hard to get you fair and affordable financial terms with your landlord.
Minimize Risks: Our lease negotiators will help you protect your investment by flagging expensive traps hidden in your dental lease.
Maximize Flexibility: We’ll help enhance your ability to sell and transition your dental practice, when you’re ready.
Save Time & Money: Avoid the time and headaches involved in negotiating your own dental lease; focus your time and energy on your patients.
Stability: With our help, you’ll achieve long-term stability and peace-of-mind.
85% of dentists across North America have a dental lease that may inhibit them from ever selling their dental practice.
20% of dentists in North America lose their ability to sell their dental practice each year.
75% of dentists have a lease that prevents them from ever getting to the end of their career in their current location, being forced by the landlord to relocate!