Medical Practice Lease Agreement

One of the biggest differences between medical clinics and other types of business is that medical clinics tend to stay on the same sites for a long time. Because the competition for patients is so fierce, many clinics choose sites that are not in hospitals. The frequent development of emergency clinics and medical practices in the suburbs reflects this trend. It has even become a common practice for small medical clinics to choose sites in retail centers. This agreement is suitable for a collective medical practice composed of individual physicians who rent space in a medical office building located on a hospital campus. Individual doctors personally guarantee the tenant`s benefit under the rental agreement. Call it a hangover for a long time in manufacturing. Many medical practices, which have used the possibility of being rented by hospitals in a wave of transactions around 2008, are now bemoaning the terms of these agreements, which are coming. 15. Similarly, the establishment of criteria, standards and/or parameters to be used in lease renewal negotiations to determine the payment of the lease for the practice facilities.

For example, if you have calculated the cost of financing an office, including any improvements you may have to make to the building and your operating costs, and you will find that your last final costs are about the same, whether you rent or buy, then buying the property is usually the best decision. If you own a building, you can build equity over time and you can also allocate your payments for building improvement, instead of having to cover those costs at once. Dennis J. Alessi is a lawyer with the law firm Mandelbaum Salsburg and has more than two decades of experience representing various types of health services and related businesses, including management and billing service providers, surgical and imaging centers, medical groups, physicians and healthcare companies. Send him an e-mail here. Many rental agreements contain a language that allows the owner to enter the premises at the discretion of the owner. Because they are patients, it is important that the owner is not able to disrupt continuity of patient care or have access to information contrary to HIPAA. Therefore, access to the land by the owner must be agreed upon by mutual agreement.

14. establish criteria, standards or other parameters to be used to determine the physician`s FORESEEN rate in lease renewal negotiations; And on the other hand, if you expect your practice to grow so much that you need a bigger place, leasing is usually the best choice. Leasing can also be a good decision if you start a brand new practice. On the one hand, you do not yet know if your practice will be successful. Second, leasing, when you start for the first time, you can focus your energy on caring for your patients rather than trying to renovate your office building. When a clinic leases offices, its lease will generally be much longer than a contract used by regular office tenants.