Dental Retirement or Transitioning

Are you planning to transition or sell your dental practice and retire within the next 5-10 years? The value of your practice at the time of sale will largely be predicated on the details in the dental office lease, and how that lease is set up.

Important Considerations when Planning for Dental Retirement

  • Does your office lease grant your landlord to rights to your practice sale proceeds?
  • Can the landlord deny your request to sell the practice altogether and terminate the lease agreement? Can they kick you out of the building with only 30 days’ notice?
  • Are there clauses in your current dental office lease that will reduce the value of your practice in the eyes of the buyer due to the risks they present, ex. a ‘Relocation’ or ‘Demolition’ clause?
  • Does your lease have the proper amount of term and/or options to renew to support the purchase price you seek? ‘Term’ is a key component for anyone buying a dental practice, financing acquisitions through banks.
  • Does your dental office lease include terms that positively support a new dentist, like expansion rights, death and disability protection, and use clause protection.

If you’re planning to retire or sell your practice in the next 5-10 years, ensure your lease supports your transition plans.

Schedule a complimentary lease consultation with an expert today!

Dental Office Lease Negotiaion Services

Critical Dates and Risk Analysis, a.ka. Lease Review Services

Cirrus Consulting Group offers any dentist planning to retire the Critical Dates and Risk Analysis (CDRA), a.k.a. the Dental Lease Review. This critical review process involves highlighting critical action dates and identifying and avoiding problem areas in your lease to allow for a smooth transition. Learn more about our dental office lease review services, now!

Dental Lease Negotiation Services

Before transitioning out of your dental practice, have our expert Dental Office Lease Negotiators review and negotiate your lease for you, acting as the liaison between you and the landlord. Our leasing specialists take care of the entire lease negotiation process from start to finish, so you don’t have to. Learn more about our dental lease negotiation services, now!

Dental Office Lease Date Tracker

No matter where you are in your dental career, one day your dental office lease will expire or hit its renewal date and you’ll have to renegotiate the terms in your lease with your landlord. Never miss an expiry date again, and enroll in our complimentary dental office lease date tracker system. Track your dental lease dates now!

Why Our Cirrus Experts?

  • Cirrus has successfully negotiated over 10,000 lease agreements across North America.
  • We’ve saved thousands of dentists $100,000’s in rent, while significantly increasing the value of their practices.
  • Established in 1994, we were founded by dentists, for dentists!
  • We’ve got the full package, arming you with the expertise of an in-house legal team, a skilled group of professional lease negotiators, real estate analysts, and ex-landlords.

Contact us for your complimentary dental lease consultation at 1-800-459-3413!

Tips for Planning for a Practice Transition