If you’re running a medical practice and decide for some reasons to relocate to a non-medical office building, then there are a few things that you and your landlord will need to clarify. This article discusses what you should consider before leasing medical office space.
The medical practice industry is changing
Over the past few years, there has been an ongoing trend in the medical practice industry with more and more physicians renting large traditional office space to open their practice. Although this move started out slow, partly due to the complexities of lease agreements, it’s becoming increasingly popular.
Safety & regulation concerns
One of the main problems that you’ll meet when leasing non-medical space is to satisfy the safety and regulatory standards outlined by your state of practice. For example, you will need to model the office space so that it doesn’t pose any safety risks to incoming patients.
Should you make any structural modifications?
When negotiating on the terms of your lease contract, you should ask the landlord about the possibility of changing the structure of the space. Depending on your area of specialization, you might have to perform surgeries on patients transported by ambulance services. Similarly, if you’re planning to offer late-night consultations, you should first consider the location of your medical practice especially if the unit is in a multi-story apartment or condo building.
Long-term lease contracts are more practical
As you might know, the overall cost of medical equipment is very high. This is because such equipment features the latest technology and needs frequent maintenance. Signing up for a short-term lease contract doesn’t make much sense in this type of situation since you’ll likely still be making payments towards your medical equipment by the time your lease has expired, which is why long-term contracts should be the way to go.
Make sure you take all these factors into consideration before signing your lease contract. Please contact us for more information about medical office space.