We skillfully
guide our dental clients through all real estate phases
of the office acquisition transaction with our successful
8-STEP PROCESS.
This process
applies to tenants, as well as buyers. Throughout our
8-Step Process, we reference leasing & purchasing dental space
interchangeably, as appropriate for each dental practitioner.
There are obvious similarities
between commercial purchase & lease contracts.
Both
require negotiation of the real estate cost. Both also
address other contractual non-monetary terms. In
the case of a purchase, the buyer and seller agree
on all aspects of the purchase contract, legal review
is performed, and the purchaser & seller proceed
to closing. A purchase or lease of a dental office
is a major commitment for the practitioner, as both
usually involve financing for remodeling, equipment,
start-up costs, etc. However, upon closing and
funding, there is no longer a contractual real estate
relationship between the purchaser & the seller.
Not
so with commercial leases.
Commercial real estate leases establish a relationship
between the tenant and the landlord for the entire length of the lease. Over
and above the lease rate and build-out allowance, identifying contractual perils
in dental leases and integrating safeguards throughout the lease contract are
essential to proper and fair negotiation and play a large part in a successful
tenant/landlord relationship. When a dispute occurs during a lease term, all
parties look to the lease for direction as to resolution. Disputes are significantly
minimized when potential perils, including “over-the-horizon” ones,
are addressed in the original lease document, and agreed upon prior to execution
of any lease.
CLICK
to learn about our 8-Step Process

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