No lease, no premises, no practice. Remember that your lease controls how long you can practice in the premises, your rent cost, the value of your practice and your retirement fund. Therefore, your lease and its terms are critically important.

The premises leasing landscape is very different from two and a half years ago. Tenants have endured repeated lockdowns, global paranoia, anxiety and depression, economic euphoria over soaring property and stock market values. They’ve also experienced e-spending with confidence fueled by ultra-low interest rates and governments pouring stimulus funds into pockets, dramatic work-at-home demographic shifts, and bewildering e-communication advances.

Your responsibility as a tenant is to manage your tenancy. Your landlord will not call you and offer to reduce your rent. Here are five key rent-saving opportunities every tenant should know.

Where’s the refuge from the storm? So much is unfamiliar about the pandemic that it is impossible to make sense of what is happening. At this point, the uncertainty has gone into overdrive. As a result, tenants are scrambling and disoriented.

You spend countless hours planning bank financing, personal investments, tax strategies, taking continuing education credits, learning treatment modalities, developing marketing initiatives, effecting staff recruiting, retention and training strategies, but most tenants rarely look at their premises arrangements because it’s not an immediate concern.

Our client was referred to us about opening a new clinic. The choices are endless, and it makes it hard to pin down an area that is likely to produce success. They came to us to help find the best location possible that suited their personal and professional goals while observing certain restrictions.

After an unsuccessful lease negotiation attempt was made between a dentist and landlord, the dentist reached out to us to help. We often get called to be a mediator in negotiations when they do not go right. Our dentist client had signed a lease without understanding what they needed to increase the value of the practice given they were planning to sell.

The commercial real estate industry has changed dramatically in the past 5 years. As a tenant you need to be aware of the changes and manage your position accordingly.