The Importance of Holdover Clauses

We know that signing a new lease can be an exciting time for a practice, but that doesn't mean you should not think about the future of your lease as well. An article from MedicalOfficeToday.com, "Dissecting the Lease: Holdover Clauses." discusses the purpose of a holdover clause, how to negotiate for a holdover clause, and how to make the consequences as small as possible. If the thought of paying up to 200% more for rent than usual makes you a bit queasy, then you should take a look at this article.

Knowing Important Real Estate Legal Terms

This article defines some important terminology for when one is looking to lease office space. These terms will be helpful when you need to address specifics of your lease. To read these definitions click here.
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Advantages and Disadvantages of Leasing Medical Office Space

When the time comes for your practice to move to a new medical office space, the most important question will most likely be, "Should we lease or buy?" Rachael Spohn from Ezine.com wrote an article, "​​The Costs and Benefits of Leasing Your Medical Office Space," with some great tips to consider when thinking about buying or leasing your next medical office space. One advantage she mentions is, "You pay less up-front cash" and one disadvantage is, "Leasing never builds up equity." To read the full article on the advantages and disadvantages, click here.

A How to on Leasing Office Space

Thinking about opening up a new office, or relocating an already existing one? This article gives a basic, general overview of the steps that should be taken prior to signing a lease to rent any type of office space. The instructions suggest contacting a real estate agent, thinking about the future of your business and the office space, and addressing all possible concerns of the space.