How to Negotiate Your Dental Office Lease

Image courtesy of Stuart Miles / freedigitalphotos.net

Image courtesy of Stuart Miles / freedigitalphotos.net

One of the most valuable assets of a health care practice is its location. If you do not own that location, it is extremely important that you secure the value of this key asset through a well-drafted medical office lease. To help you with this process, here are nine important points to keep in mind when negotiating a lease for your health care practice.

1.  Remember That Everything is Negotiable.

Both landlords and brokers are notorious for telling prospective tenants that “everyone has signed this lease,” “it’s just a standard form,” or “no one ever negotiates my lease.” This simply isn’t true. Sophisticated tenants always negotiate their leases, and any term in a lease should be open to discussion. Remember that most leases are drafted by the landlord, and most landlords fill their leases with terms that are extremely favorable to the landlord, usually at the expense of the tenant. Continue reading

Twice the Price: The High Cost of Dental Construction Liens

Hat, Hammer, Calculator, Gloves

Image courtesy of adamr FreeDigitalPhotos.net

You have built a successful business.  Now you are building your own office building.  You have carefully calculated the cost of construction and are confident that everything is in order, but have you considered what would happen to your business if you had to pay twice for the same construction work?  Don’t believe that could happen to you?  Your risk may be greater than you think. Continue reading