The year was 1987. I was hired by Dr. Howard Rocket, Co-Founder of Tridont Dental Centers. At the time Tridont had already opened over one hundred dental offices, mostly in large, enclosed malls. Yorkdale, Sherway, Sheridan, the list goes on…

For over a decade, the Canadian real estate market has experienced growth that far surpassed any rational expectations. In 2023, the reset of interest rates slightly cooled the market’s fervor, yet the core momentum remained unabated.

"Shocking $250K Lease Mistake: Could This Happen to You?" A hidden clause, a mismeasured suite, and a decade-long oversight—discover how one doctor’s lease turned into a $250,000 surprise and why it could happen to any healthcare professional. Don’t let square footage sink your practice.

On occasion, a purchased dental practice must be relocated as a condition of the sale. This can occur when the lease is expiring and the building is being torn down or when the real estate owned by the retiring dentist is more valuable when vacant then when occupied by a dental office - something that is common with many older, converted residential homes / dental offices in highly desirable neighbourhoods.

She stood at the window of her dental practice, her weathered hands resting on the sill. A view she had seen ten thousand times while contemplating her next patient. She looked over at the stack of patient records—each one a testament to a career built on trust, care, and unwavering dedication. At 63, she had constructed more than a business.

A major real estate investment trust has introduced a lease clause that could drastically undermine the value and stability of professional practices. If signed, this provision poses a critical threat to any tenant’s continuity, financial health, and future business valuations. Here is what’s at stake and why it is essential to stay informed.

I recently completed an appraisal for a thriving, 50-year-established dental practice in the heart of a major Canadian city. This isn't just any practice-it's an elite, high-functioning operation with metrics most dentists can only dream of.

When it comes to lease clauses, there are several:

What you don’t know about your lease will hurt you. Your patients ought to have a periodic oral health check up. Why don’t you have a periodic lease health checkup?

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.