Are you contemplating buying a veterinary clinic or hospital?
Your clinic will likely come with a veterinary office lease agreement. Just as the lease agreement is critical to your practice as a tenant, it is also equally critical to your business when you own the building (or real estate) that you practice in. A properly structured office lease agreement between the clinic and building is critical to maximizing the value of your clinic and property, and will offer the protection necessary to support the future growth of both of your businesses. The office leasing experts at Cirrus can help you ensure that you and your practice are well-protected long after making your purchase.
If you’re in the market to purchase a veterinary clinic, or simply have questions about the process or lease agreement, we’d love to help!
Prior to completing your purchase, you should have your veterinary office lease professionally reviewed for hidden risks. Without a thorough lease review, you could be inheriting a terrible lease agreement and jeopardizing your clinic’s future. At this stage, it’s critical to ensure that you have lots of negotiating leverage with your landlord.
Veterinary offices are expensive and difficult-to-relocate businesses; the landlord knows this, therefore it’s the office lease agreement that’s your tool to help protect your investment well into the future.
Items to Consider When Buying a Veterinary Practice
Term and Options: Does the office lease have enough term and options to renew left for you to use after you purchase the clinic? Are those options 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 improvements to the space and upgrade the facility? Will you have to remove/demolish all of those improvements when you decide to retire, on your dime?
Veterinary Clinic Relocations: Does your office lease permit your landlord to relocate your animal hospital? If so, is it at your expense, or theirs?
Protection and Security: Is there death and disability protection in the lease that will protect you and your family/estate in the event that something unexpected happens and you are no longer able to work?
Plan ahead. There are many items to consider within your office lease that must be reviewed prior to buying a veterinary practice to guarantee your protection, providing the most effective and efficient flexibility to continue to run and grow your veterinary clinic.
Veterinary Office Leasing Services
Veterinary Office Lease Review & Rent Analysis | Critical Dates and Risk Assessment
Cirrus Consulting Group offers veterinarians the Critical Dates and Risk Assessment (CDRA), or Office Lease Review, guaranteed to save you time and money. We thoroughly review your veterinary office lease and flag important action dates, risky language, and problem areas, arming you with the knowledge necessary to protect yourself in upcoming negotiations with your landlord. Learn more about our veterinary lease review.
Veterinary Office Lease Negotiation Services
Avoid the endless time and frustration involved in negotiating your own clinic office lease. Cirrus’ professional Lease Negotiators handle the entire process from start to finish. We will create a lease negotiation strategy based on your clinic needs and career goals, representing you in all dealings with your landlord with the expertise of an in-house legal team, commercial real estate analysts, ex-landlords, brokers, and professional Lease Negotiators. Learn more about our professional veterinary lease negotiation services.
Practice Acquisition & Office Lease Assignment Services
Are you considering buying or selling your veterinary clinic? There’s so much at stake through the process of buying or selling a practice, and as such, it’s critical that the ‘assignment of lease’ and other important details occur properly, protecting the interest of both parties along the way. Learn more about our practice acquisition or assignment services.
Standard Form Veterinary Office Lease Creation
Are you contemplating purchasing a property for your veterinary clinic? Let Cirrus create your office lease for you! The lease agreement, even when you own the building, can be a highly valuable or detrimental tool for both your property and your veterinary hospital. Let Cirrus create the office lease for you with the creation of a Standard Form Lease Agreement. Learn more about our office lease creation services for building owners/landlords.