Are you planning to purchase an office building for your dental practice? Negotiating a letter of intent (also known as an LOI) will be one of the first and most important steps you take on the way to owning your own building. Here are some quick tips to help you through that process. Continue reading
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Why Your Office Space May Be More Expensive Than You Think
Many tenants think that the rent they pay each year is calculated based on the area of the actual, physical space that they lease. After all, that seems like the most logical approach. Take the rent per square foot, multiply it by the area leased, and that should be the total rent paid for the year. Right? Not quite.
In fact, most office tenants pay rent for an area that is significantly larger than the actual space that they lease. This larger area on which rent is paid (called the “Rentable Area” of the premises) includes, not just the actual space that is leased (the “Useable Area”) but also a share of the common areas of the building.
BIZ LAW DDS 
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