Before your sign or renew your veterinary office lease,
do you know what you’re agreeing to?
Landlords strive to increase the value of their properties by enforcing hidden clauses in the details of your office lease that permit them many unfair privileges like raising rents, relocating your practice, preventing your practice sale from happening, or worse.
For 20 years, Cirrus Consulting Group has been offering our clients Office Lease Review and Rent Analysis services. Our lease review will arm you with the information and tools essential for upcoming lease negotiation or discussions with your landlord. We guarantee that our lease review will help save you hundreds of thousands of dollars over the life of your lease.
Key Issues Uncovered in the Lease Review
Unexpected Clinic Relocations: Does your office lease permit your landlord to relocate your clinic? If so, who pays for moving costs, demolition and/or renovations? Will the relocation cause business down time/loss of revenue?
Practice Sale or Retirement Prevention: Is there language in your lease that can prevent you from selling your animal hospital, or that permits your landlord to proceeds of your eventual practice sale?
Lease Termination Rights: Can your landlord terminate your lease and kick you out of the building if you request to assign your practice?
Protection and Security: Is there death and disability protection in place that will protect your estate and family in the event something unexpected happens and you are unable to work?
Lease Term: Does your lease offer sufficient term and options to renew the lease, and are these options transferable to a future buyer?
Renovations & Improvements: Does your lease allow you to make improvements to your veterinary hospital, and upgrade the space? If so, will you be required to remove these improvements at some point down the road, on your dime?
85% of veterinarians across North America have a veterinary lease that may inhibit them from ever selling their practice.
20% of veterinarians in North America lose their ability to sell their practice each year.
75% of veterinarians 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!
Next Steps: Preparing for Your Office Lease Negotiation
In addition to our veterinary office lease review, Cirrus offers professional lease negotiation services. Our Lease Negotiators are here to save you the time, stress and money involved in your upcoming veterinary lease negotiation.
We act as the liaison between you and the landlord, handling the entire lease negotiation from start to finish, so you don’t have to. You’ll feel safe knowing you’re supported by the expertise of our in-house legal team, professional Lease Negotiators, commercial and market research analysts, practice brokers, and ex-landlords.
Lease Economics: We’ll work hard to negotiate fair and affordable financial terms in your lease with your landlord.
Minimize Risks: We’ll help you protect your investment and avoid expensive traps hidden in your veterinary office lease that can cost you hundreds of thousands of dollars!
Stability: Achieve long-term stability and peace-of-mind with a lease that is set up properly.
Maximize Flexibility: We’ll help enhance your ability to sell and transition your practice when the time comes.
Save Time & Money: Avoid the endless time and headaches involved in negotiating our own veterinary office lease.