Why does my veterinary office lease matter if I own the building?
Building acquisition is expensive and comes with certain responsibilities that come with owning commercial real estate. You’ll likely be advised to acquire the property as a separate company than your veterinary clinic. In other words, it’s not the clinic that’s buying the building; therefore, there will be two separate companies: company A), the landlord company, and company B), 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.