The ability of a dental practice to function as smoothly as possible is of the utmost importance. Standardised commercial leases and the numerous pitfalls and problems that they bring can often hinder dentists in their work, making them waste time and money unnecessarily.
With standard leases, there is a very real danger that the specific requirements of a dental practice can be overlooked, and in some cases actually forbidden under the terms of the contract.
For example, the need for practices to store X-ray machines and various drugs is clear. However, it is possible for a standard lease to prohibit the storage of these items.
Another restriction that a standard commercial lease can enforce is the prohibition of sharing the property with a third party, which can be a problem when considering associate agreements. With a potential restriction on who can occupy the property, simply hiring an associate can unwittingly lead to a breach of contract.
A standard commercial lease can even allow an unexpected and unavoidable rise in rent any time the landlord so chooses. Dentists are usually not required to register for VAT, as you supply an exempt service. However, a standard commercial lease can leave the landlord free to charge VAT whenever they like.
Any time you break the rules of a standard lease even if simply functioning within the normal confines of a dental practice, you risk unexpected termination of your agreement and the emotional and financial burden such an event can bring.
Instructing a commercial lawyer with specialist dental knowledge will offer a solution. A bespoke lease will address your specific requirements as a dental practice and amend the terms a standardised commercial lease overlooks or prohibits. This will provide a successful and hassle free contract, so you can focus on providing dental treatment, rather than worrying about legal matters.
Using bespoke commercial leases can be a sensible way to avoid wasting time and money. From ensuring that the storage of vital dental equipment is allowed to enabling associate agreements and making sure there is no unexpected rise in rent, the benefits of a bespoke lease are clear.
Goodman Grant has a reputation for providing quality legal advice within dentistry. With this crucial and specialist knowledge, Goodman Grant’s team of solicitors are able to draw bespoke commercial leases to the specific advantage of dentists. Ensure you are not distracted from providing exceptional treatment, and take advantage of the huge benefits a bespoke commercial lease can provide.
For more information please call Nicola Lomas on 0151 707 0090 or email [email protected]