Dental Practice Assignment and Lease Acquisition

Buying or selling a dental practice? Cirrus can help!

There’s so much at stake through the entire process of buying or selling a dental practice. Prior to completing your purchase or sale, it’s important to have the office lease properly reviewed for hidden risks, and that the ‘Assignment of the Lease’ occurs properly, protecting the interests of both parties along the way.

At Cirrus Consulting Group, we offer dentists Practice Assignment and Lease Acquisition consulting services to ensure our dentists are well prepared for any dental lease transition. Protect yourself and your investment, and let our dental leasing experts help you through this critical and detail-sensitive step in your dental career.

Schedule your complimentary office lease consultation with an expert today!


Important things to consider when buying or selling a dental practice

When a dental practice changes ownership, so must the lease agreement; it needs to move from the name and control of the selling dentist, to the name and control of the buying dentist. Some key items to keep in mind when buying or selling a dental practice are:

  • Will you be liable for the property rent even after selling or transferring the practice?
  • Has the lease been signed under your personal name?
  • Is there anything in your lease that directly affects your ability to transfer or sell your practice?
  • Does the lease have enough term and options to renew left for you to use after you buy the practice? Are you sure those options to renew are available to you? Often these options disappear as soon as one tenant assigns the lease to another dentist.
  • Is the lease set up with enough flexibility to bring in associates or eventually sell your dental practice?
  • Does the landlord have the right to relocate your practice?
  • Does the landlord have the right to terminate your lease, and kick you out of the building?

Reality Check

83%

 

of dentists across North America have a dental lease that may inhibit them from ever selling their dental practice.

20%

 

of dentists in North America lose their ability to sell their dental practice each year.

75%

 

of dentists have a lease that prevents them from ever getting to the end of their career in their current location, being forced by the landlord to relocate!

For a smooth and risk-free dental practice assignment or lease acquisition, it’s critical that your dental lease agreement, and the terms and clauses within it are set up to protect your investment well into the future. Trust the experts at Cirrus!

Contact Cirrus for a complimentary dental office lease consultation with our experts at 1.800.459.3413.

Why Choose Us?

  • We’ve successfully negotiated and reviewed over 10,000 dental office lease agreements across North America.
  • We’ve helped thousands of dentists save $100,000’s, while improving the value of their practice.
  • We’ve been negotiating leases for 20 years.
  • We were founded by dentists, for dentists; who better to represent you?
  • Cirrus offers our dentists the full-service package, inclusive of an in-house legal team, professional lease negotiators, real estate analysts, and ex-landlords; we’ve got you covered!

What happens when you sign a bad dental office lease?