As veterinary practices continue to expand, relocate, and transition ownership, many veterinarians are discovering that the terms of their lease agreement can have a significant impact on the long-term success and flexibility of their business.
Peter Tanella, Esq., Chair of the National Veterinary Law Group at Mandelbaum Barrett PC, authored an insightful article examining the key lease provisions every veterinary tenant should understand before signing a lease.
From triple-net lease obligations and rent provisions to maintenance responsibilities, exclusivity protections, assignment rights, purchase options, and default provisions, the article outlines eight critical areas that can affect a practice’s operating costs, growth opportunities, and future exit strategies.
Whether you’re opening a new hospital, renewing an existing lease, or planning for a future practice transition, understanding these provisions is essential to protecting your business and avoiding costly surprises down the road.
Read the full article in Today’s Veterinary Business to explore Peter’s insights in greater detail.