Top Healthcare Leasing Red Flags You Must Know About

Signing a commercial lease is a huge matter for your medical business, especially when you start out. Leasing the ideal space at the ideal location can be the secret to your company’s success. However, it is also essential that the lease you sign is transparent and equitable.

You will need to navigate any pitfalls and fully comprehend the lease terms laid out for you. You must be cautious because unpleasant clauses are frequently included in leases, so you should contact a los angeles healthcare attorney.

• Renter’s financial difficulties

Examine the entire property given to you, including areas outside the office. 

Financial difficulties experienced by a landlord can take many different shapes. Watch for financial difficulty because the landlord’s issues may eventually affect your practice. A homeowner may not be able to fulfill their end of the contract’s financial obligations, depending on their condition. If this happens, you, the tenant, will suffer.

• Absence of Non-Disturbance Clause

The absence of a non-disturbance clause in your lease is another issue that calls for further discussion. A non-disturbance agreement is a condition in a lease that guarantees the continuation of a tenant-landlord rental agreement under any situation. If the landlord experiences financial troubles and the property falls into foreclosure, this clause is meant to prevent you, the renter, from evicting.

• Moving-related clauses

A relocation provision allows the landlord to move your company to another location on the property if your workspace is in a building with multiple tenants. When this occurs, it is not only annoying, but it may also be bad for your company. Everything relies on the new workplace or location you have been assigned. Poor visibility, insufficient parking, or patient confusion are all detrimental elements.

You should get rid of any relocation conditions in your lease. At the very minimum, it should be written to work in your favor by ensuring the landlord provides you with more than enough information and ensuring that the new area is on par with or superior to your current one.

• Clauses for recapture

You must comprehend the recapture clause if you intend to sell your business in the future and transfer the lease to a new owner. This provision gives the landlord the authority to keep control of the premises until the end of the lease.

In essence, this condition renders it virtually impossible to sell your business because it permits the landowner to cancel the lease instead of assignning it to a new buyer. Commercial office leases frequently include recapture clauses, but it does not mean you have to accept them. Therefore, avoid signing a lease that contains a recapture clause.