Lease Assignment Review
Lease terms can make or break a practice purchase. Review carefully before committing.
Key Lease Terms
Remaining Term
- Minimum 3-5 years preferred
- Renewal options
- Assignment rights
Financial Terms
- Base rent
- CAM charges
- Annual increases
- Security deposit
Use Restrictions
- Dental use permitted
- Exclusive use clauses
- Signage rights
Landlord Relations
- Assignment approval process
- Personal guarantee requirements
- Landlord reputation
- Property maintenance
Red Flags
- <2 years remaining
- No assignment rights
- Exorbitant assignment fees
- Uncooperative landlord
Bottom Line
Secure lease assignment early. Uncooperative landlords kill deals. Involve attorney for complex leases.
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