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Finding a medical office for lease is so complicated. Since the physician needs to work with biomedical wastes and other chemical left-outs, this ‘searching process’ seems time consuming and expensive as well. However, as a physician, you need to find a suitable place to keep patients’ records safe and handle the medical equipment adhering to the health code safety standards. And, most of the times, it is good to have all the terms & conditions to be put together into a document, which is safe & secure for both landlord & tenant.
With this medial office lease agreement, the physician, as the tenant of place, need to sign the form provided by the landlord. This lease agreement includes term of lease, commencement date and rental rate and a lot more. Check out the samples compiled below.
As a common practice, medical office lease agreements are jotted with the agreement between physician and landlord – acknowledging to lease out the office. This agreement gives permission to the physician to use medical equipment within the permitted premise. The agreement seems quite detail and starts with the basic lease terms. Basic address details of both, lease term and security deposits are all included in this section. While signing the agreement, both tenant and landlord should ensure the usage of equipment & the space. Here, the physician agrees and takes the responsible for the issues that may happen in future. Both tenant and landlord must sign the form in compliance with the terms and conditions addressed in the agreement.
If the office looks pretty good to your requirement and lets you to get into the agreement, you will be ready to get the agreement done. But you have to make sure that you have an experienced attorney fluent with standard lease agreements. Having an attorney on your side adds some value to the agreement and you will be getting all legal advice regarding the agreement. Along with this, your attorney will also help you with negotiations over the rent/ fees as per the neighbourhood standard. Finding a suitable place to run the medical service is expensive. So you need to have a long time commitment. So finding a reliable landlord is important. Don’t worry if you have an experienced attorney by your side. With his help, you get the best deal. Check out the sample medical office space lease agreement embedded here.
The tenants need to go through the agreement before signing it, in order to stay away from unexpected expenses that could happen in the future. Some agreements liberalise the tenants to make alterations in the premises and allow taking the properties back with them while vacating the office. In contrast to this, some agreements ask the tenants to handover all the alternations made by them when they vacate. So, ensure about the category where your agreement would fall and you are advised to work accordingly. Try to maintain the premise free from damages, so that you get good name from the landlord and it can offer you extended tenant occupancy.
It is recommended to have a relaxed discussion with your landlord in terms of getting to know each other. You can discuss tenancy requirements, downfalls and a lot more about the agreement to make everything better for future. You can also discuss about the need of having medical equipment installation, so that you eliminate pitfalls that may happen later.
When it comes to running a clinic, you can’t stay with in the four walls like a consultancy. You need to have a spacious room to place equipment and have patients in the room. You will be not only using notepads and chairs but also the basic equipment to treat your patients. For this, it is necessary to find a office, that is spacious and generous in providing electric supply. Make sure you have a separate electricity meter in order to eliminate excess charges. Therefore, it will benefit you with easy installation and maintenance of medical supplies within the premise. Before signing, make sure that these things are mentioned in the agreement.
As a physician it is difficult to find a secured place to keep all your equipment safe. Even after you find a secured place to run your clinic, you need to settle down all the issues which you may have to confront in future. The uses of equipment, the hours of usage, landlord inspection, tenant improvements, etc are the common things which you should have the focus on. However, this sample agreement includes all the mentioned points, therefore, you need to read and review the agreement form before signing it.
Since medical office lease agreement comes for a long term, you will have more chances to negotiate the rent, which can not be expected in any other business. As a physician, you can ask the landlord to liberalise some rules or reduce the amount and get the permission to implement the medical practices within the premise.