Veterinary Practice Assignment and Lease Acquisition

Buying or selling a veterinary practice?

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

We offer veterinarians practice assignment and lease acquisition consulting services to ensure you and your investment are well-prepared and protected through this critical and detail-sensitive step in your career as an animal health professional.

Schedule your complimentary consultation with a leasing expert today!

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

Key Leasing Items When Buying or Selling a Veterinary Practice

When a veterinary practice changes ownership, so must the office lease agreement; it needs to move from the name and control of the selling tenant, to the name and control of the buying tenant.

Some of the key issues we highlight include:

  • Will you be liable for the property rent after selling or transferring the practice?
  • Has the office lease been signed under your personal name or your corporation?
  • Is there anything in your lease that directly affects your ability to transfer or sell your practice?
  • Does the new 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 veterinary.
  • Is the lease set up with enough flexibility to bring in associates or eventually sell your veterinary practice?
  • Does the landlord have the right to relocate your practice?

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

Why Choose Cirrus?

  • We’ve successfully negotiated and reviewed over 10,000 office lease agreements across North America for doctors.
  • We’ve helped thousands of veterinarians save $100,000’s, while improving the value of their practice.
  • We’ve been negotiating leases for 20 years.
  • We were founded by doctors, for veterinarians; who better to represent you?
  • Cirrus offers our clients 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!

Questions? Contact Cirrus for your complimentary leasing consultation today by dialing 1.800.459.3413.