Standard Form Office Lease Creation: “Arm’s Length Lease”
Thinking of buying a property for your veterinary office?
Let Cirrus create your veterinary office lease for you!
Just as the veterinary office lease agreement is important to you and your practice as a tenant, the lease will be critical to you and your practice when you own the building. Your practice remains the same, and the appraised value is still determined by three key main components: 1) equipment, 2) goodwill (patients), and 3) your veterinary office lease agreement.
Your lease can act as a valuable asset or hindrance for both your property and practice. Secure the future of your assets with an ‘Arm’s Length’ Standard Form Lease Agreement written and created by Cirrus. We will create the agreement for you from start to finish, ensuring the details within are set up to facilitate your eventual practice sale and offer fair and economical leasing terms that appeal to future buyers.
Why does my veterinary office lease matter if I own the building?
Building acquisition is expensive and comes with certain responsibilities that come with owning commercial real estate. You’ll likely be advised to acquire the property as a separate company than your veterinary practice. In other words, it’s not the practice that’s buying the building; therefore, there will be two separate companies: company A), the landlord company, and company B), the tenant company.
Your office lease establishes how the relationship is set up between these the two companies, outlining their obligations to one another, separating them carefully for various legal and accounting reasons.
Questions to consider when you own:
The veterinary office lease agreement is a valuable tool that helps protect and define your practice and building investment. Contact us now to secure the future of your asset with an “Arm’s Length Lease” written by Cirrus, 1.800.459.3413.
Video: What Happens When a Vet Signs a Bad Office Lease?
Why Choose Cirrus to Create Your Lease?