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Finding The Right Dental Practice To Buy (Part 2)

Home » Our Blog » Finding The Right Dental Practice To Buy (Part 2)

Are you looking to acquire a new dental practice but not sure where to start? In this post, we will evaluate some of your real estate and leasing options. This is Part 2 of a 3-part blog series. In Part 1, we offered a few tips on deciding the Location of your practice.

Real Estate: Leasing vs. Buying

After you decide on where you want to start your practice, your next challenge will be finding the right physical space and determining the possession/occupation structure. You will need to decide if you want to purchase the property or lease it. Both have their pros and cons. If you decide to buy, you will surely face higher costs, more responsibilities and you may run into challenges when you are ready to retire or sell. But there can be distinct advantages to owning the premises, including income diversification strategies. Leases can offer more flexibility with shorter terms of possession. But, with all leases and contracts, it is always best to have an attorney review these documents carefully to make sure you fully understand your risks and liabilities under the lease.

Lease Considerations: Every term in the lease is important, but here are a few in particular to consider:

  • Renewal Options: What are the terms and what are the options to renew?
  • Personal Guaranty: Are you required to personally guarantee performance? This is a major liability. If required, negotiate for limited guaranties in amount and length.
  • Assignment and Release: How easy will it be to assign the lease and relieve yourself of future liability? These clauses constitute a big part of your exit strategy in the lease.
  • Restrictions on Renovation: Will you be able to make any changes or improvements to the space? What are the requirements if you do make changes?

 Key Takeaway: Have your leases and agreements reviewed by an attorney.

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4801 Glenwood Ave #200-10
Raleigh, NC 27612
(919) 568-3681
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5640 Dillard Dr Ste 101
Cary, NC 27518
(919) 900‑4720
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  • About Us
    ▼
    • Our Mission
    • Meet Our Team
  • Business Planning
    ▼
    • Business Law
      ▼
      • Business Acquisition
      • Business Start-Ups
      • Succession Planning
    • Asset Protection
    • Business & Corporate Planning
    • Professional Practice Planning
    • Dental Practice Planning
    • Tax Planning
    • Contracts
    • Trademark Licensing
  • Individual Planning
    ▼
    • Comprehensive Estate Planning
      ▼
      • Trusts
      • Wills
      • Power of Attorney
      • Revocable Trusts
      • Estate Planning For Minor Children
    • Charitable Planning
    • Special Needs Planning
    • Personal Tax Planning
    • Probate, Trust & Estate Administration
      ▼
      • Probate
      • Trust Administration
    • Elder Law
  • Resources
    ▼
    • Testimonials
    • FAQs
    • Common Legal Terms
    • Videos
    • Online Forms & Questionnaires
    • Our Blog
    • Newsletter
    • Past Webinars
    • Events
    • Make a Payment
  • Contact
    ▼
    • Schedule A Consultation