The single most important factor that is overlooked in a practice purchase is the lease that the purchaser is inheriting. If not otherwise specifically stipulated in the existing seller’s lease agreement, all of the lease provisions will convey to the new owner – and may not be favorable to the dental tenant.
It is always best for the new buyer to enter into a fresh lease to assure that the business, or operative framework, protects the dentist’s present and future business needs. It’s never a good idea to accept an existing lease.
Learn the two functions of a dental lease and how our negotiation of the business stipulations shifts financial and contractual risks away from the dental tenant.