September 25, 2017

What To Ask Medical Office Space Landlords As A Prospective Tenant

Locating sustainable, affordable, and attractive locations for medical office space for rent in Putnam County can be headache inducing. There are lots of factors behind the curtains that will end up consuming far more time than you had anticipated. But with the right medical office space for rent Putnam County services company, you can cut your time and money expenditure into pieces. The true search for your medical practice’s future starts here. Below are a series of questions to ask yourself.

Will your practice ever require emergency care?

Is there any possibility that your medical office would need direct access to the parking lot for ambulance services? If your medical office is on the top floor of a shopping center, issues will appear at the worst time. As a medical professional, you must anticipate these scenarios far in advance. You should plan on how to prevent them from turning into something that you could have prevented.

Does your lease specify rules regarding hours of usage?

For a retail store, late night visits by tenants are usually not an issue. However, for office buildings, the rules for when tenants can use the space varies depending on circumstances and landlord preference. This is something you’ll want to clarify as early as possible, as it could be a deal-breaker if you plan to have patient visits during afterhours. Such is especially the case in the event that your practice includes emergency care.

How did the previous tenant utilize the space?

In the event that the previous tenant was not a health care professional, or moreover, not of the same practice as you, there’s a likely chance you’ll need to tack on a number of extra expenses to install all necessary equipment. The time and money you’ll need to spend with these installations and renovations will be costly, meaning it will take time for you to see returns on this investment. For this reason, if the equipment is not already there, then it would be poor judgment to sign a short term to lease. Instead, your goal should be to negotiate for at least a ten-year lease so that you can guarantee a return on investment.

Are extension clauses negotiable on your lease?

Because you’ll most likely be signing a long-term lease, you’ll also want to discuss potential exceptions. A lot can happen in ten years. Someone could get sick or die, your business could fold, or any other unfortunate but quite possible scenarios could lead to your having to cease payments. Make sure you discuss these details with your landlord in advance. The goal is to protect yourself as much as possible while you still have negotiating power.

If you’d like assistance in locating properties, determining their value and negotiating terms, contact the Rakow Group at (914) 758-0220 Ext 10 for expert medical office space for rent Putnam County services.