Are you planning to relocate your family practice?
You will first have to find a new location, and then go through a medical office lease negotiation with your prospective new landlord. It’s important to take certain factors into consideration when relocating, opening/building a medical practice such as accessibility for your patients, demographics in the neighborhood, the right neighbors, and a properly structured medical office lease agreement.
Landlords a know that healthcare offices are expensive, location-sensitive businesses, and they use this to their advantage when structuring the terms of the office lease. Therefore, it’s critical that your lease agreement, and the terms and clauses within it, are set up to protect your investment well into the future, with long term flexibility and affordable financial terms.
Important Items to Consider Before Relocating Your Healthcare Clinic
How much time do you still have in your current space, to avoid any “downtime” or “dark-time” while the new practice is being built?
Who is “guaranteeing” the lease? You, or your incorporated entity? Ensure you’re protected!
Is the lease set up to allow you to bring in associates or eventually sell the practice? Often times landlords structure the lease permitting them to rights of your sale proceeds.
Will your new landlord have the right to relocate you if they choose? How much notice will they have to give you, and who pays for moving expenses, demo and construction?
Does the landlord have the right to terminate the lease to make room for building renovations or demolition?
Our Healthcare Leasing Services
Critical Dates and Risk Assessment, a.k.a. Lease Review
Cirrus Consulting Group offers any physician who are planning to relocate their practice the Critical Dates and Risk Assessment (CDRA), a.k.a. a Medical Lease Review. This important review process involves highlighting critical action dates and identifying hidden risks in your lease, guaranteed to save you hundreds of thousands of dollars over the life of your lease. Learn more about our lease review services, now.
Healthcare Office Lease Negotiations
Before relocating your practice, our expert Lease Negotiators will review your existing lease to ensure you’re protected throughout your move, and will negotiate the terms of your new lease, acting as the liaison between you and the landlord/broker. Our negotiators will ensure the whole process is handled for you from start to finish, keeping your protection and best interest in mind. Learn more about our medical lease negotiation services, now.
Complimentary Office Lease Date Tracker
No matter where you are in your career as a physician, one day your lease will expire or hit its renewal date and you’ll have to renegotiate the terms in your lease with your landlord. Give yourself ample time to negotiate a good deal by enrolling in our lease date tracking system. Track your critical dates, now!
Why You Need Cirrus for your Practice Relocation
Cirrus will help you secure a healthy lease, evading expensive $100,000 traps.
Our leasing professionals strive to get you fair and affordable financial terms with your landlord, saving you money.
We’ll enhance your ability to sell or transition your medical practice down the line.
Spend more time with your patients! Our medical leasing services are here to eliminate the time and stress involved in negotiating your own lease.
Why Trust Our Experts?
We save physicians over $10 million every year in relocation costs and rent.
Cirrus has successfully negotiated over 10,000 medical lease agreements across North America.
Established in 1994, we were founded by doctors for doctors; who better to represent you?
We offer physicians the full package, arming you with the expertise of an in-house legal team, professional Lease Negotiators, real estate analysts, and ex-landlords!