Four Important Tips to Keep in Mind When Negotiating a Lease for Your Pasadena Dental Practice

If you want to open your own dental practice, you may need to sign a lease to make this happen. The lease may involve the most money and risk; however, with the right legal help, you can minimize your risk, achieve ideal terms, and lead your dental practice to success. 

Leases for commercial property are more extensive and bespoke than residential contracts. And dentists have unique needs and risks. Because of this, you must hire a Pasadena Dental Attorney to streamline the negotiation timeline and make sure the contract gives you appropriate protection. A good attorney will guide you throughout the process of negotiating a lease, facilitating the document/term trading to help you get the best terms possible. During the lease negotiation process, your attorney will give you helpful advice including the following:

Not Taking Things Personally

During lease negotiations, things can get heated as parties drop balls, re-trade, and ignore offers for a long time. What you can do is communicate mainly with your team and keep tensions low. Although it usually feels like you are just negotiating with one party, there are bankers, contractors, attorneys, and insurance representatives involved on each side, making the process more complicated than purchasing an appliance online. 

Being Mindful of Your Strength and Weaknesses

As a dental tenant, you give your landlord a particular kind of value. The positive value includes your lease term, your potential to succeed, and your ability to draw clients to a retail center. Such positives can give you leverage during lease negotiations. But there may also be negative values such as small space size, complicated construction requirements, few business asses, and high tenant improvement costs. But, if you are aware of the strengths and weaknesses of your possible practice, you can have a healthy perspective to achieve your business goals. 

Not Thinking that It’s Always About Money

It is not a good idea to assume that a landlord is after your tenancy or that money is the only driving factor. Keep in mind that some landlords may choose a more cooperative tenant over those who can pay more. So, when negotiating your lease, do not concentrate on pricing in this situation. 

Making Rules Clear to Your Team

Due to the many terms to negotiate and parties to think about, you must make your needs clear upfront. Remember that it will be too late to change your mind during lease negotiation.