Are you contemplating buying or selling your veterinary clinic?
There’s so much at stake through the process of purchasing/selling a practice. Prior to completing your purchase or sale, it’s important to have the office lease properly reviewed for risks and hindrances, and that the ‘Assignment of Lease’ occurs properly, protecting the interests of both parties along the way.
Cirrus offers veterinarians assignment (transitions) and lease acquisition consulting services to ensure that you are well prepared and protected through this critical and detail-sensitive step in your career as an animal health professional.
Buying or Selling a Veterinary Practice: Key Lease Terms
When a veterinary practice changes ownership, so must the office lease agreement; it needs to move from the name and control of the selling tenant, to the name and control of the buying tenant.
Some of the key issues we highlight include:
For a smooth and risk-free veterinary practice assignment or lease acquisition, 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.