A medical practice is more than just a place where patients meet with their doctors for examination and treatment in a private room. It is a multifunctional office space, where patients are checked in, where their confidential medical records are securely stored, and, in some cases, where bloodwork and other diagnostic tests are conducted and
Commercial Lease Agreement
Leasing a medical office space is a major step that could make or break your practice. Unlike renting a residential property, it requires a lot more money and may involve more potential pitfalls as well. Leasing a medical office space is often a complex process that hinges on many variables in order to run smoothly.
Leasing office space in a building complex occupied exclusively by medical practices has its advantages, especially if one of those occupants is an anchor tenant. An anchor medical tenant – also known as a prime tenant, a draw tenant, or a key tenant—is the featured big-name business that rents office space in any given development,
When it comes to growing your practice’s patient base, there are many factors about your medical office that make a great impression and draw prospective clients. Here’s what patients are looking for when they visit a medical office: A centrally located and easily accessible office by car or public transportation A spacious clinic in an
Where you decide to lease your medical office space is one of the most important decisions – if not the most important decision – you can make in terms of ensuring the success of your healthcare practice. It can also be a complicated process, requiring a clear understanding of the “fine print” before you sign
You may be accustomed to leasing the property from your prior or current experience renting a house or an apartment, but a commercial lease is much more involved because of its legal implications as a business-to-business agreement. One of the major benefits of leasing is that businesses do not need to have as much capital
For the purposes of renting a property, a contractual agreement that exists between a business and landlord is a commercial lease. There are certain rights within the structured lease that is applicable to the landlord and also that apply to the business that rents the property. Businesses that rent a property are required to have