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:

  • How much rent will you pay the building and yourself, every month?
  • When there are damages or fixes necessary on your property, which party is responsible for paying these?
  • How do you separate the relationship and obligations between the landlord and the tenant, when you are both?
  • Is your practice set up for growth and flexibility for the long-run, with appropriate options to renew, or to sell when you’re ready?

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?

  • We’re the Best at What We Do: With over 20 years of experience, we’ve successfully negotiated over 10,000 healthcare office lease agreements across North America, and have saved doctors $100,000 or more in rent and mistakes in their leases.
  • Our leasing professionals are known for honesty, integrity, prompt responses, full-disclosure and detailed explanations and recommendations as-needed, and when requested by our clients.
  • Maximize Sale Flexibility: We’ll help enhance your ability to sell and transition your veterinary practice down the line.
  • Save Time, Money and Stress: Avoid the time and headaches involved in setting up your own lease; focus your time and energy on providing quality patient care instead.