Buying a Veterinary Practice

Considering buying a veterinary practice?

Your practice will likely come with a veterinary office lease agreement. Just as the lease agreement is critical to your practice as a tenant, it is also equally critical to your business when you own the building (or real estate) that you practice in.

A properly structured office lease agreement between the practice and building is critical to maximizing the value of your practice and property, and will offer the protection necessary to support the future growth of both of your businesses. The office leasing experts at Cirrus can help you ensure that you and your practice are well-protected long after making your purchase.

If you’re in the market to buy a veterinary practice, or simply have a question
about the process or the lease agreement, we’d love to help.

Schedule your complimentary office lease consultation with an expert today!

Prior to completing your purchase, you should have your veterinary office lease professionally reviewed for hidden risks. Without a thorough lease review, you could be inheriting a terrible lease agreement and jeopardizing your practice’s future. At this stage, it’s critical to ensure that you have lots of negotiating leverage with your landlord.

Veterinary offices are expensive and difficult-to-relocate businesses; the landlord knows this, therefore it’s the office lease agreement that’s your tool to help protect your investment well into the future.

Items to Consider When Buying a Veterinary Practice

  • Term & Options: Does the office 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 transfers the lease to another.
  • Veterinary Clinic Renovations & Improvements: Does your lease give you the ability to make improvements to the space and upgrade the facility? Will you have to remove all of those improvements at some point down the road, on your dime?
  • Veterinary Practice Relocation: Does your office lease give your landlord the right to relocate your practice? If so, is it at your expense, or theirs? How many times can they relocate you throughout the term?
  • Protection & Security: Is there a death and disability clause in the lease that will protect you and your family in the event that something unexpected happens and you are no longer able to work?

Plan ahead. There are many items to consider within your office lease that must be reviewed prior to buying a veterinary practice to guarantee your protection, providing the most effective and efficient flexibility to continue to run and grow your veterinary clinic.

Video: What Happens When You Sign a Bad Office Lease?

Veterinary Office Leasing Services

Standard Form Office Lease Creation: Arm’s Length Lease (A.L.L.)

Thinking of buying a property for your veterinary office? Let Cirrus create your office lease for you! The lease agreement, even when you own the building, can be a highly valuable or detrimental tool for both your property and your veterinary practice. Let Cirrus create the veterinary office lease for you with the creation of an “ALL”. Learn more about our office lease creation services for building owners.

Veterinary Office Lease Review & Rent Analysis | Critical Dates and Risk Assessment

Cirrus Consulting Group offers veterinarians the invaluable Critical Dates and Risk Assessment (CDRA), or Veterinary Lease Review, guaranteed to save you time and money. We thoroughly review your veterinary office lease and flag important action dates, traps and problem areas, arming you with the knowledge necessary to protect yourself in your upcoming office lease negotiation. Learn more about our lease review.

Veterinary Office Lease Negotiation Services

Avoid the endless time and frustration involved in negotiating your own office lease. Cirrus’ expert lease negotiators will handle the entire process for you from start to finish. We will create a lease negotiation strategy based on your practice needs and career goals, representing you in all dealings with your landlord with the expertise of an in-house legal team, commercial real estate analysts, ex-landlords and professional lease negotiators. Learn more about our professional office lease negotiation services.

Practice Acquisition & Office Lease Assignment Services

Buying or selling your veterinary practice? There’s so much at stake through the process of buying or selling a practice, and as such, it’s critical that the ‘assignment of lease’ and other important details occur properly, protecting the interest of both parties along the way. Learn more about acquiring a practice or assignment services.

Contact us now for a complimentary veterinary office lease consultation by dialing 1.800.459.3413.