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Why You Should Have A Complimentary Lease Review (Part V)
Lease Renewal OptionsNext, your broker will want to look at your lease renewal options.Most commercial leases include one.It should state how long you have to exercise this right before you lose it as well as what the term for the renewal shall be.Make sure you get a complimentary lease review long...  Read More
Medical Office Condo For Sale
Medical office condo for sale at 106 Elden St. in Herndon, VA. 2,488 square feet of space. For more information, contact me at (240) 372-4867.  Read More
Why You Should Have A Complimentary Lease Review (Part IV)
Fair Market ValueYour will want to look at your lease to make sure what you're paying for rent is based on fair market value.If rents dropped in your market area since your lease signing, it's time to renegotiate.Butbefore doing that, have your tenant rep look at your lease. He'llcompare what...  Read More
Why You Should Get A Complimentary Lease Review (Part II)
CAM FeesNext, your broker will go over what your lease says about Common Area Maintenance (CAM) charges with a proverbial fine-tooth comb. He'll look to see how your landlord is actually calculating CAM fees and compare that to the method he's supposed to be using.This method will be specified in...  Read More
8 Mistakes Dentists Make When Leasing Their First Office Space (Part III)
6. Not Reading the Fine PrintDentists often fail to understand how important it is to read their lease thoroughly. By not doing this, they won't understand what it is they're agreeing to.One of the reasons to carefully read your lease is that there may be arcane language written on purpose to...  Read More
8 Mistakes Dentists Make When Leasing Their First Office Space (Part II)
4. Not Choosing the Right AreaAcommon mistake of first-time practitioners is selecting a locationbefore they know which kind of patients they want to attract. This isbackward. Choose the type of patient you want to work with first, andthen choose a location.Because then, you can look for...  Read More
003 Your Personal Brand with The Savvy Executive
In this episode I talk with Lora Dean, a Senior Executive who serves as a Chief Operating Officer and the founder and president of The Savvy Executive. As a senior executive Lora has oversight for a $100 billion budget, has lead human resources activities for over 15,000 employees, directed major...  Read More
The 5 Steps On Your Journey To Finding Dental Office Space (Part V)
Build-Out Design  This is where the layout of your space will be finalized, and the look and feel of it will begin to take shape. A build-out design should be flexible enough to encompass the future goals you have for your practice.Once the plans are finalized and you have had a chance to review...  Read More
The 5 Steps On Your Journey To Finding Dental Office Space (Part IV)
5. Completing the Build-Out Now that you’ve settled on an office, it’s time to transform it into the beautiful, functioning space that’s a perfect reflection of the vision you have for your practice.How long your build-out will take depends on several factors. One of these is the scope of the...  Read More
What A Dental Real Estate Tenant Needs To Know About Rent Escalation Clauses (Part III)
Expense StopsIf you have a full-service gross lease, you'll pay a base rental rate. The landlord has to pay for any additional costs. But sometimes, landlords put something called an expense stop in the lease. This means tenants pay for all operating costs above an agreed-upon amount. Landlords add...  Read More
What A Dental Real Estate Tenant Needs To Know About Rent Escalation Clauses (Part I)
Unfortunately, commercial leases have something in them that you never had to worry when you were buying your home.And that's rent escalation clauses.These clauses allow an owner to increase your rent at regular intervals. Sometimes, tenants and landlords argue over whether there should even be...  Read More
What Your Landlord Doesn't Want You To Know About Dental Office Leases (Part V)
An Experienced Healthcare Real Estate Agent is Your Ace in the Hole Don't enter into lease negotiations without an experienced healthcare real estate agent by your side.  Some people will tell you that negotiations are easy because the landlord writes the lease and takes care of everything else for...  Read More
What Your Landlord Doesn't Want You To Know About Dental Office Leases (Part IV)
Go for A Shorter Lease Term Sometimes, landlords are desperate to rent space and may try to talk you into agreeing to a lease with a longer term.For new practitioners, a one-year lease with a renewal clause is best. But if your landlord won't take a one-year contract and you really want the space,...  Read More
Dental Real Estate Seminar in Virginia
30 dentists enjoying the dental seminar sponsored by HPRG and others. Lots of great information was shared in Tyson's Corner, VA that evening!  Read More
What Your Landlord Doesn't Want You To Know About Dental Office Leases (Part III)
Deceptive LanguageLandlords are sneaky in the way they word leases. The first year, everything might seem fantastic with your beautiful new office space.You got a great rate on your rent. And, your share of the CAM fees appears to be reasonable. But in the second year and beyond, what you pay for...  Read More
What Your Landlord Doesn't Want You To Know About Dental Office Leases (Part II)
CAM FeesCAM fees are what you pay for your use of the common areas of the building. Common Area Maintenance (CAM) fees are a normal part of every lease. To figure out this number, landlords use a little something called a “load factor.” This is the formula for it:Rentable Square Feet/Usable Square...  Read More
What Your Landlord Doesn't Want You To Know About Dental Office Leases (Part I)
When you enter into lease negotiations with your prospective landlord, you desperately want to believe that he’ll negotiate everything in good faith.Therefore, you want to give him the benefit of the doubt. After all, why wouldn’t you? No one wants to think the worst of another person. This could...  Read More
14 Signs You Chose The Right Dental Real Estate Broker (Part VIII)
13. Your broker is a creative problem solver. A good broker is a creative problem solver par excellence.You’re a medical professional with a problem that needs solving. That is, how to find office space perfect for your needs. Not only that, but how to get it a fair market price. And after thinking...  Read More
14 Signs You Chose The Right Dental Real Estate Broker (Part V)
This is part V of a series. Part VI will be published on Friday.7. Your broker has integrity.What’s the difference between an agent who’s tirelessly working on your behalf……and one who only sees you as another commission check?Integrity. An agent who has integrity puts his relationship with you...  Read More

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