Your Guide to Renewing Your Dental Office Lease - 3

REVIEW YOUR LEASE TO IDENTIFY HIDDEN RISKS
STEP 2: Analyze the Terms in Your Current Lease for Risks

Language in the lease is often difficult to understand and written in a way that only favors the landlord, engineered
by landlords and their attorneys. Once you've defined your goals and mapped out your long term plans, it's time to
review your current lease to identify any terms that affect your flexibility or present risks. Many dentists make the
critical mistake of signing their lease without first reviewing it for hidden terms and clauses.
Key Building Blocks to Look for in Your Lease:
Tenancy: Who is the tenant listed in your lease agreement?
Is it you personally or your incorporated entity?
Economics: Are your rental rates fair and affordable based
on comparable space in the marketplace today?
Options to Renew: Does the lease provide you numerous
"options to renew", and if so, are these options tied to your
performance? Are they transferable to a future buyer if you
sell the practice?
Relocation Clause: Is there a relocation clause that allows
your landlord to relocate you if they find another tenant who
will pay more for the space? In that instance, who pays for
your moving expenses, you or them?

"Risks in the lease are not
taught to any dentist at
any point in their career,
however, they are serious
enough to put any doctor
out of business. "
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Exclusivity Clause: Does your lease have an exclusivity
clause that prevents your landlord from moving a competing
dentist right next door?
Death and Disability: Is there a death and disability clause
in place that allows you to terminate your lease if you're
unable to work, or will your family be forced to pay your
debts and monthly rent?
Assignment Clause: Does the lease give you the flexibility to bring in associate dentists and grow
your business? Do you have the right to sell your practice? Can your landlord collect proceeds of
your practice sale, or terminate your lease upon the mere request to retire?

								

Guidance from a professional, industry trained dental office lease negotiator is suggested
at this critical stage to ensure that all potential risks in your lease are exposed,
and an elimination or amendment plan can be developed.

(Steps 3-5 on next page)

1.800.459.3413
www.cirrusconsultinggroup.com

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Your Guide to Renewing Your Dental Office Lease

Table of Contents for the Digital Edition of Your Guide to Renewing Your Dental Office Lease