Your Guide to Relocating Your Practice and the Dental Office Lease 2 - 3

FIND YOUR IDEAL PRACTICE LOCATION
STEP 3: Identify Available Practice Locations

Once you've ensured the details in your current office lease will not impede your relocation plans, it's time to look
for a new location. Choosing the right location is crucial for the success of any dental practice, with a number of
factors to consider in your search.
	
	

Accessibility & Visibility:		How	accessible	will	your	office	be	to	public	transportation?	Is	parking		 	
readily	available	for	patients?	How	important	is	a	high-visibility	location	to	you?	Is	your	ideal		
	
location	a	store	front,	in	a	mall,	or	in	a	medical	building?	

	
	

Demographics & Neighbors: Conduct some research on the demographic makeup and population of
the neighborhood you are considering; the demographic you choose should match your target
market.	Your	practice	will	also	benefit	by	being	located	near	businesses	like	doctors'	offices,	grocery		
stores,	and	pharmacies	that	bring	in	lots	of	foot	traffic.

	

Competition: Are	there	any	competing	dental	offices	in	close	proximity	to	the	location	you	are		
considering?	What	type	of	dentistry	do	they	practice?

	

								

STEP 4: Review & Negotiate the Economics & Terms of the New Location

Upon	identifying	a	potential	new	location,	you	will	be	presented	with	an	"Offer	to	Lease"	(or	Letter	of	Intent)	by	the	
new	prospective	landlord.		This	is	the	short	form	of	the	dental	office	lease	that	mainly	addresses	economic	terms	
such as rental rates, start date, length of term, "options to renew", etc.
At this point it's recommended to bring in a professional dental office lease negotiator to help review the offer to
lease to identify any hidden traps or risks.

STEP 5: Notice of Lease Termination to Current Landlord

Should the language in your current lease require you to give advanced written notice of your departure plans to
your	landlord,	now	is	the	time	to	formally	draft	a	"Notice	of	Term"	document,		outlining	your	plans	and	exit	date.	

Next Steps

Have your lease professionally reviewed. Being aware of the clauses and risky language in your current dental
office	lease	before	you	relocate	is	the	first	step	to	protecting	your	investment.	Cirrus	Consulting	Group	offers	dental	
professionals	full	office	lease	analysis	and	review	services.
We review the lease for risks and problem areas, and develop a customized negotiation strategy to help our clients
secure	a	lease	that	provides	flexibility	for	a	smooth	eventual	transition,	practice	protection,	and	long-term	security.	

For more information about how to properly prepare for your practice relocation,
contact us by dialing 1.800.459.3413, or visit www.cirrusconsultinggroup.com.
1.800.459.3413
www.cirrusconsultinggroup.com

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Your Guide to Relocating Your Practice and the Dental Office Lease 2

Table of Contents for the Digital Edition of Your Guide to Relocating Your Practice and the Dental Office Lease 2