Commercial Condo vs. a Commercial Building
You’re ready to buy office space for your new medical practice – congratulations! Purchasing space for your medical practice is one of the biggest business decisions you’ll be faced with, so it’s important to choose a space that’s right for you. Most medical professionals who wish to own their own office space opt for either […]
How to Choose a Potential Office Location
Forget about experience, credentialing, marketing, and finding the perfect community of patients. The success of your new medical practice is all about location, location, location. When choosing a potential location to open your practice, measure its promise against Sherlock Doc’s handy Location-o-meter: Does the cost of renting or purchasing the property fall within your budget? […]
Types of Commercial Loans for Buying a Medical Real Estsate
If you’re ready to purchase a commercial building for your medical practice, you have a variety of options for financing the purchase. Doctors and other medical professionals are able to obtain some of the best commercial loan rates in the industry because banks are eager to earn your business. But it’s important to choose a […]
How To Lease Office Space For Your Medical Practice
When leasing office space for your medical practice, it’s important to know who to talk to, what questions to ask, and how to make sure your requirements are accurately represented on your commercial office lease. Here’s a step-by-step guide to make leasing an office space the easiest part of opening your medical practice: The average […]
Purchasing A Commercial Condo
Are you ready to purchase a commercial condo for your medical practice? A commercial condo offers a variety of benefits for medical entrepreneurs in private practice or partnerships. Unlike other types of real estate, where up to 35% of the property cost must be put down in cash, medical professionals can purchase a commercial condo […]
The Pros And Cons Of Leasing Vs. Buying
Popular wisdom would have you believe it’s better to own than rent. But does that rule still apply when deciding whether to lease or buy your medical office space? The pros and cons of leasing vs. buying are similar for medical entrepreneurs as they are for the general population, with a few important distinctions: Just […]
What to Ask for/Expect in Your Commercial Lease
When negotiating the terms of a commercial lease for your medical practice, you have a lot of power. Unlike residential leases, the terms of a commercial lease are not set in stone and can be tailored to meet the individual needs of each lessee. Here is what to look for and what to expect from […]
What is a Commercial Lease?
If you choose to rent office space for your medical practice, the terms of your rental agreement will be outlined in a commercial lease. Much like a residential lease, a commercial lease is an agreement between a tenant and a landlord. The main difference is that with a commercial lease, you have permission to conduct […]
What is a Medical Commercial Building?
A medical commercial building offers medical professionals the opportunity to lease or buy office space that is customized to suit the specific needs of their practice. Some medical commercial buildings are dedicated medical centers, where all or most of the on-site offices are medical in nature. If you’re a chiropractor, for instance, you might purchase […]