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Long-Term Care Insurance

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Capital Funding Needs: Pre-Opening, Opening

Equipment Selection Process

How to Find a Medical Practice Lender (resources)

Medical Office Structure, Layout And Design

Recruiting

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HITECH Act of 2009

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The Mystery of Doctor Credentialing

Build Or Buy: In-House Medical Coding Vs. Outsourcing

HMOs vs PPOs

What Is A Merchant Processor?

The Pros And Cons Of Money Factoring

Leasing Medical Equipment Vs Buying

In-House Human Resources vs Outsourced

Types of Commercial Loans for Buying a Commercial Condo

What Is A Commercial Condo?

Determining Location Options

The Medical Coding Company That Could

What is an NPI, difference NPI 1 VS 2?

Purchasing a Commercial Condo

What is Fraud Investigation?

The Mystery Of Medical Coding

What Is Practice Succession Planning?

Overhead Business Expenses

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Communication Vs Branding

How to Determine a Timeline to Open Your Medical..

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In-House Doctor Credentialing VS. Outsourcing

The Medical Coding Company That Could

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Capital Funding Lenders

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Leasing Medical Equipment

How to Create a Draft of the Employee Handbook

How to Find a Medical Accounting Firm

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The Mystery of Medical Staffing

Doctor Credentialing With Hospitals And Insurance Companies

Must-Have Medical Doctors Insurance

How To Choose A Medical Transcription Company

Setup Your Practice

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What is Money Factoring?

Setting Up a New Practice

Your Medical Practice Opening Check-List

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What is Medicare, Medicaid, etc?

Merchant services – credit cards

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How To Choose A Medical Accounting Firm

Life Insurance

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Determine a Practice Name

What Is A Marketing Plan?

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In-House Medical Transcription Vs Outsourcing

Commercial Condo vs. a Commercial Building

Insurance Types Needed for a Medical Practice

CLIA Certification

How to Find a Medical Collection Company

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Finding A Payroll Company

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Types of Commercial Loans for Buying a Medical Real Estsate

How To Lease Office Space For Your Medical Practice

Medical Billing Company to the Rescue!

Unlocking the Mysteries of Medical Billing

How To Estimate Staffing, Payroll, And Benefit Costs

Group Practice vs Hospital

Build Or Buy: In-House Medical Coding Vs. Outsourcing

Hiring A Business Consultant

What Is Practice Legacy Planning?

Determine Employee Benefits

Types of Medical Insurance

Choosing A Payroll Company

How To Structure Practice Banking

How To Win Your Insurance Contract Negotiation

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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 business on the premises.

However, there are three more important differences to keep in mind.

#1: ;Unlike residential leases, there are no deposit caps on commercial leases and few provisions to protect a tenant’s privacy.

This could result in hefty fees to rent office space and little to no protection against nosy landlords.

#2: The terms of commercial leases are typically much longer than residential leases, sometimes stretching up to 15 years.

#3: There is much more room for customization with this type of lease, allowing you to negotiate terms to your liking.

When signing a commercial lease, make sure that the amount of rent falls within your budget, and that the length of the lease allows room for growth in your business.

Since you may not be able to tell if a space will work for you until you’re actually seeing patients there, it’s smarter to choose a short-term lease with the option to renew.

Finally, be sure to think first and foremost about the long-term needs of your growing practice when considering the terms of a commercial lease.

To learn more about doctor credentialing, insurance, coding, outsourcing, and everything you need to establish a successful healthcare practice, follow all of Sherlock Doc’s adventures on the DoctorsBusinessNetwork.com or Doctors Business Channel on YouTube!.

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