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How Much Does it Really Cost to Start a Medical Practice?

Whether you have recently contemplated starting your own medical practice or it has been a dream of yours for years, there is no time like the present. When considering the logistics of starting a medical practice, it is important to consider a variety of factors. One of the main elements that will make or break the decision is the cost of your medical office for lease.

According to the experts, the cost on the launch alone can be anywhere between $70,000 and $100,000. In order to experience success and longevity, you must educate yourself on the specifics. For more information on finding the right place for your new practice, contact the experts at Boulevard Medical Properties today. From finding the right medical office for lease to medical office design, we’ve got you covered.

Your New Office Space

Perhaps one of the most obvious expenses involves securing your new space. Some initial aspects you will want to consider are:

  • Location of the office
  • Size of the space
  • Cost of the lease

However, there are additional factors you must consider as well. For example, does the office include convenient parking for your staff and patients? Or is the leasing agreement flexible to your changing business needs? The process of selecting the right space alone can be overwhelming. Consider using a trusted ally to find a medical office for lease, like Boulevard Medical Properties.

Office Equipment and Supplies

Aside from the space itself, there are some additional expenses that can come with starting a medical practice. One of the first things you will need to account for is the cost of furnishing the space. Although you do not need to buy the most expensive items on the market, there are enough items needed to make it a hefty purchase in and of itself. These purchases can include comfortable sofas for your waiting rooms, decorative paintings for your walls, medical equipment for your services, and computers for your staff. Additionally, there are also smaller purchases you need for a well-run office. This includes office supplies and toiletries.

Insurance

As you may know, there is insurance to cover just about anything that can and could go wrong with your new practice. Some types of insurance that you may want to consider include renter’s insurance, fire insurance, and malpractice insurance. Additionally, if you are opening a practice in an area that is prone to natural disasters, like earthquakes, then you may want to consider adding earthquake insurance as well. If this is your first time creating a new practice from the ground up, then Boulevard Medical Properties is a great team to have to guide you through the process. In addition to helping you find the right office for you, we will also be able to advise you on additional costs to consider.

Staff

When starting your own practice, you will likely be too busy to handle all day-to-day tasks. Having a helpful, experienced team allows you to focus on your expertise, while they manage the rest. These staff members can include receptionists, medical assistants, sales experts, marketing enthusiasts, and any other specialists you need to make your practice run smoothly.

Starting with the Right Medical Office for Lease

Starting your own medical practice can come with its share of obstacles. With a variety of factors to consider and scarce resources available to you, it can seem daunting at times. That is why having the experts at Boulevard Medical Properties is crucial to your experience. Not only are we extremely knowledgeable, but we also have years of experience and will be able to get you started with incredible guidance and confidence. For more information, contact us today.

How to Handle the Stress of Running Your Own Medical Practice

Running your own medical practice can be one of the most rewarding experiences of your life. It can also be one of the most stressful. While you are helping to improve the lives of countless patients, it’s important to make sure your own mental state doesn’t take a toll. Here are some ways to handle the stress of running your own medical practice. To find the right medical office for rent, get in touch with Boulevard Medical Properties today.

Find the Right Medical Office for Rent

Finding the space that’s right for you can be daunting. When it comes to price range, location, size, and overall layout, you want to make sure you find the right fit. With so many factors to consider, it’s wise to seek help from experts who are able to assist in the search process.

At Boulevard Medical Properties we work with a range of medical professionals and to help them find the medical office space they need.

Settling In

It’s unlikely you will stumble upon the perfect medical office rent parameters. You will want to find something that falls within your budget, and also matches the length of time you want to be secured in your location. This will likely require negotiation.

Boulevard Medical Properties can assist in this process. Once the lease is negotiated, we can also help with all your construction needs. From initial design to decorating your medical office space, we will bring you to a space you desire.

These initial steps can be overwhelming, which is why it’s so important to seek professional help. Do not take on more than you can handle. Remember that it’s okay to need help along the way.

Seek Supportive Staff

It’s so important to make sure you have enough staff to support your business. Hire reliable and focused staff members to assist with tasks from ensuring on-time payments, making sure appointments are kept, and following up about on-time payments.

Hiring experienced companies to help with medical billing services may prevent worries about payment collections, giving you more time to focus on what matters: Helping your patients.

Maintain Healthy Habits

Prioritize a work-life balance. While many people enjoy the hustle, allow time for your mental and physical health. You have chosen a rewarding career, but remember to find joy outside of work as well. This could be going for a daily walk at sunset, cooking yourself a nice meal, and taking time to meditate and clear your mind. Maintain healthy habits, including eating a balanced diet and taking care of your body. If you prioritize your own mental health, you will likely increase your ability to focus at work.

Meditation is a great option to clear your mind, and breathing techniques can help you relax if you’ve had a stressful day at work. Research phone apps that guide you through meditation, or you can do it on your own simply by sitting in an upright position with your eyes closed and silently focusing on your breath for five to ten minutes.

Use Automated Technology

Use automated services to assist when possible. Technology can be for sending out newsletters to clients and appointment-reminder texts or emails, or for scheduling purposes. There are actually real-time online scheduling services where clients can set their own appointments. However, ensure prior to using that all parties involved are able to properly use the technology you are offering. Some of your older patients may be more comfortable setting appointments in a traditional setting at the front desk.

Keep a Positive Attitude

In the medical industry, having a positive attitude and professional relationship with patients is so important. Although some diagnoses are unfortunate, your attitude can help guide the patient to accept their new reality. Focus on what matters, helping your patients to the best of your ability. Seek help when you need it.

Summer Office Party Ideas

Summer is officially here! Whether you’re a fan of the heat or you like to keep things cool, you can’t deny that summer is one of the most fun seasons to enjoy with friends, family members, and even coworkers. When it seems like the whole world is celebrating a little time off, why not bring some office party ideas for summer into the office?

That’s what we’re all about at Boulevard Medical Properties! We want to help you make the most of your days in the sun with some office party ideas for summer that are sure to liven things up. Whether you are in a small or large office, here are some great ways to kick off the summer months! For help nailing down your medical office lease in the LA area, reach out to Boulevard Medical Properties today.

The Classics

A list from VenueScanner shows some of the more classic or familiar office party ideas for summer that you may want to start with. These can be great icebreaker events if you feel that everybody doesn’t know each other too well yet and can be a good way to find common connections. Stretch your party muscles and try these out as summer begins:

  • Beach or Backyard BBQ. Everybody can bond over the fire and some good eating!
  • Host a Fun Competition. Office Olympics or cubicle mini-golf tournaments are a great way to get everybody in the partying spirit and on track to making friends.
  • Outside City Escape. Everybody needs a break from the hustle and bustle now and then. Use this as a relaxation and reflection opportunity to encourage wellness among your employees. Take them on a nature hike or even a picnic in the park!

Ready to turn things up a notch? Keep on reading for more office party ideas that will end up being a big hit.

Big Ticket Events

Some coworkers hate the idea of small in-office parties. There’s nothing to do but have finger foods and engage in small talk. As a manager or boss, you can do better than that! Do something that shows your staff you really want them to have fun. They deserve it. HR Digest has a few ideas on how to turn on the heat:

  • Amusement Park Day. Get exclusive tickets for your employees and let them enjoy big rides and tasty treats.
  • Drinking Night. Whether it’s on a rooftop, in a lounge, on a boat, or even at somebody’s home, everybody loves coming together for a drinking opportunity. You never know what kinds of bonds will be made!

But what if you’re somebody who’s on a budget? Can’t you throw a great party too? Absolutely! Here are some ideas for having fun on the cheap to keep everyone happy and satisfied!

Budget Office Party

The best way to cut costs on a party is to hold the party during company time. Plan for a Friday afternoon, perhaps. Use what you have, whether you make your own decorations or find something cute at the dollar store. Everyone can pitch in to help.

Perhaps you’ll even start a fundraiser for some unique food and drinks. In the comfort of their own space, they can enjoy your party just as much as they would any other party. Get out there and celebrate!

Office Party Ideas for Summer in Your New LA Medical Office

At Boulevard Medical Properties, we love knowing how our clients are doing. We want to know if your party was a big hit, and perhaps we’ll throw a party here in your honor!

For more medical office needs or medical office rental inquiries, you can reach out to us at any time. To get in touch, please contact us online or give us a call at 818-882-5600. We look forward to seeing how your summer party turns out!

Most Common Mistakes in Medical Office Design

When it’s time for you to find your own medical office for rent, you will spend a lot of time searching. You want a building that has enough space for your business, but that isn’t out of your budget. Choosing a medical office space that doesn’t fit well with your company could start your practice off on the wrong foot.

Avoid making major design errors with our guide of the most common mistakes made in medical office buildings. See why the most successful businesses trust the team at Boulevard Medical Properties. Your medical office for rent awaits!

Lack of Flow

It’s so vital that medical office spaces have the floor space to allow for movement from room to room quickly. This also allows for any disability to be accommodated. Leaving office spaces more open, especially rooms where patients frequently visit, is vital to maintaining a functioning practice.

Having a more open floor plan in medical offices also improves the mood of nervous patients. Finding a space that is open and welcoming will help your patients and staff feel more at ease.

Beyond that, having a cohesive flow for foot traffic also directly impacts the potential safety of your medical professionals and patients. A floorplan that doesn’t allow for easy exits can become a safety hazard in an emergency.

All of your rooms and hallways should be well lit at all times for prime vision capabilities. Read more about how an office building layout and patient safety are directly related.

Lack of Design

Just like the layout of your practice can impact patient care, a lack of design elements can also affect everyone in your office.

When choosing a medical office designer to partner with for your office decoration, pay attention to their ideas for designing your space, and be sure to inquire about incorporating as many natural elements as possible.

An outdoor patio, a variety of plants, or large windows can help bring a natural element to your office space. This will make your patients more relaxed. Natural design elements in medical offices also make patients healthier!

The lighting in your office is also important when choosing a design aesthetic. White, fluorescent lights are often negatively associated with doctor’s offices, but they are necessary for more sterile rooms. However, in other rooms, install softer lighting to make your space feel more welcoming!

Lack of Quality

Medical offices with uncomfortable seating or outdated design elements can often lose out on patient business based on the office vibe alone! When budgeting out your initial expenses, it’s important to keep the patient in mind when choosing your design.

Investing in comfortable furniture and interactive waiting activities can be a much better decision than choosing the cheapest options up front to save a little bit of money.

In the long run, the cheaper furnishings will need to be replaced faster. You may end up spending more money on repairs and replacements than the original options. Keep this in mind as you build your business budget and remember to factor in a surplus for any repairs that are needed for rooms that experience heavier foot traffic.

Medical Office for Rent in Los Angeles

Don’t let your new office building be a mistake you regret! Trust in  Boulevard Medical Properties to help you find the perfect space for your new practice today!

7 Tips on How to Boost Your Medical Practice’s Revenue

Revenue is an integral part of the overall success of your medical practice.

6 Tips to Boost  Revenue

  1. Boost your online presence– While 64% of small businesses have a website, there are other important ways your business needs to be present online. One of the first things to do is to update your website and make sure that it is mobile-friendly. From there, make sure to create a content plan for your blog, email subscribers, and social media following. This content will engage your current customers while also boosting your reach to new audiences as well. Once you have created an effective content plan, incorporate paid advertisements on Google, Facebook, Instagram, and Linked-In. This ensures your brand is consistently in front of your target audience.
  2. Encourage online reviews– There are a few things you and your team can do to encourage reviews. First, you can create a list of patients that you would like to ask for a review. Second, make sure you have links to the sites that you would like them to leave a review on. Third, make sure to say thank you to the patients that do leave a review. According to Inc., 91% of people read online reviews. Additionally, 84% trust online reviews as much as a personal recommendation. These statistics alone communicate the importance of real, recent reviews about your medical practice.
  3. Make educational videos– Video quickly engages potential patients, while also delivering relevant content. It is an excellent resource to increase your revenue. Create FAQ videos, what to expect at their first consultation, or a behind the scenes look with your team. These videos create trust with new clients and boost your visibility. You can also use these videos for new content on your website, Youtube channel, or IGTV.
  4. Create a referral incentive with current patients– Your current patients are a great avenue to new, similar patients. To get access to their circle of influence, create incentives around referring new patients. This can include a percentage off their bill for each new patient they bring to your practice or a referral program that gives them a free service once they have referred a certain number of clients.
  5. Increase your appointments– Perhaps one of the most obvious ways to boost your revenue is to add more appointments to your schedule. Start by taking one new patient per day, and eventually increase your hours to evenings and weekends if those are in-demand times. If you are unable to change your hours or add new days, there are other options to consider to increase your appointments. One way is to incentivize low appointment times. This will fill your slow days while opening up popular hours to other clients.
  6. Implement late and cancellation fees– To increase the likelihood of people keeping their appointments while decreasing times of your practice being vacant, consider implementing late and cancellation fees. This will boost your revenue while also incentivizing your patients to keep their appointments. So it is a revenue win on both accounts!
  7. Consider the office experience– The look and feel of your medical office location play a large role in the patient experience. Consider curb appeal, the smell when they walk in, waiting room chairs, entertainment, and everything in between. Keep your existing clients coming back and new clients impressed by creating an enjoyable experience for each of them.

To find the medical office lease in Los Angeles that works best for you, reach out to Boulevard Medical Properties today.

Benefits of Incorporating Your Medical Practice

Starting your own medical practice can be a huge undertaking. You are responsible for countless decisions that could catapult or sink your business. This is why many medical practices work with an attorney to help with the legal side of things. When it comes to choosing the most efficient legal entity for your medical practice, you’ll want to discuss your goals with your lawyer. This involves medical, legal, financial, and tax matters. A lawyer can also advise you on whether or not you should incorporate your medical practice.

There are many benefits to incorporating your medical practice. Read below to find out more.

Basic Benefits

Incorporating your medical practice ensures that, overall, you are following legal formalities. Corporate laws are first laid out by the owners and lawyers of the medical practice based on practical goals. Beyond that, corporate duties may include holding regular meetings, filing tax returns every year, and discussing employee payment and benefits. You may also want to go over liability issues and have this properly documented.

Financial Benefits

Incorporating your medical practice gives you several financial benefits. This includes being able to pay employees regularly and properly through a corporate system with stock options and bonuses. Corporations also attract more investors by way of stock, meaning more money for your business first hand. Another financial benefit is that because shareholders also own the corporation by the number of their shares, anti-kickback enforcement protects the doctor from compensation based on value or patient intake. In addition, corporations will handle franchise taxes and the cost for maintenance and accounting. On your own, you will be paying a large sum of legal fees.

Overseeing

Overseeing the medical practice with a set guideline of written laws and regulations enforced by the corporation is one of the greatest benefits. These guidelines are set out at the beginning of incorporating a medical practice and may include: requirements for employee hiring, daily medical practices, purchasing equipment for the medical practice, cleaning the equipment for the medical practice, and who determines certain daily decisions. While a director of operations oversees the totality of these regulations, a manager or several managers will oversee these details. These rules can help to keep a medical practice organized and ensure that your business is being run exactly the way you’d like.

Other Benefits

Limited liability is another important benefit of establishing a corporation for your medical practice. Find the pros and cons of limited liability in this study. In cases where you are the primary physician for a medical practice, all of the liability will fall on you. This includes debts, vendor contracts, management of employees, and property lease tasks. In addition to working on patients and improving your business, this is a lot to undertake. Incorporating your medical practice allows some of these duties to be shared so there is not as much holding you personally at stake. Insurance is also great to have on hand if anything goes wrong, but a corporation sharing some of the more non-medical conditions is important to have under your security belt as well.

Another benefit of incorporating your medical practice is that you can more affordably offer health care and retirement benefits to yourself and your employees. Corporations involve more people handling these things for you, but you have the right to sit down with them and choose which options are best.

Medical Office Lease in Los Angeles

Incorporating your business is like gathering a support group for your art project. Having other people liable and contributing in areas where you lack knowledge is important for building a strong business. This includes finding the right medical office lease in Los Angeles. If you’re looking to work with others to create a strong foundation for your business, incorporating is the way to go. Start by working with a leasing team at Boulevard Medical Properties and get a free quote on available spaces today.

How Does Commercial Escrow Work?

In the process of purchasing or leasing a commercial property? You may have come across the term “escrow”. Escrow is a contractual agreement where a third party handles or holds the money for a property until all terms on both sides are met. Once all the details are settled, the third party can then distribute the money as set out and complete the transaction. Purchasing a commercial property through escrow is viable and safe. It protects both parties from any double-dealing or devious actions because the money isn’t transferred over until all conditions are met. Here’s a little more about how the process of escrow works.

The Beginning

Whether you are selling or buying, the first thing you should do is find out the value of the property or business. You can do this by consulting with a real estate agent or by searching medical properties for lease. After you’ve gathered an estimate on your property or the property you’d like to purchase, decide on a minimum/maximum you’re willing to buy or sell the property for.

Next, look into an advertisement for the space if you’re looking to sell. If you’re working with a broker they will likely do a lot of this advertising for you. But it doesn’t hurt to pitch in as well. For example, make a clean-cut print out of the property with photos, amenities, and price. Then post it around local establishments.

The Details

After you’ve set up your advertisement or, if buying, found a few properties you are interested in, you will want to lay out all your conditions on purchasing/selling. If you are a seller, you’ll want to make your books, including tax returns, inventory, profit and loss statements, etc, all out in the open for buyers to see. This shows a commitment to honesty and trust. Once you have a buyer or a seller, you can negotiate a price. When you’ve come to an agreement, the escrow account will hold the money exchanged usually for 30 days or more. This is done to give both the buyer and seller an opportunity to make sure all the terms on the contract were met.

The Close

When closing a sale, the following must be fulfilled:

  • All final documents signed
  • Payment for the escrow account met
  • All written conditions carried out by both parties

Once all of this is done, the funds in the escrow account may be released.

Types of Escrow

As mentioned above, escrow is typically used in commercial real estate situations. However, an escrow may be adapted for a homeowner as well. When a buyer moves into the home, they may choose to pay an escrow account to pay the mortgage lender. The lender then uses that money to pay property taxes and insurance. In this case, the mortgage lender has direct access to the escrow account. The benefit of using an escrow account in this situation is that it prevents the mortgage lender from falling behind in property tax or insurance payments. This usually means that a homeowner will have to pay about two months worth of expenses at first. This will, however, save you money in the long run. If you don’t have enough money in your escrow account, you run the risk of losing your insurance or home.

Business transactions that are done online are highly recommended to be secured by an escrow account.  It is highly recommended that an escrow agent secure online business transactions. There are too many cases of fraud on the internet. Having an escrow account will help secure the safety of your business. It’s also a great way, as a buyer, to ensure that you’re getting exactly what you want and need out of a business purchase by setting out your conditions and making sure they are met before a payment can occur.

Medical Properties for Lease

If you’re searching for medical properties for lease, look no further than Boulevard Medical Properties. Visit our website today to view what we have to offer or a free quote from one of our experts.

Medical Practice Management: Going Above And Beyond

Managing a medical practice is unlike the majority of other commercial property management. A medical office building requires a very specific set of rules and regulations both in functionality and leasing. The level of insight that is needed to manage a practice can be daunting for some. In 1983, 76.1% of physicians were owners of a practice, and by 2016, that statistic dropped to 47.1%. Make sure that you are aware of all the nuances that will help you manage the building effectively. Before you can manage the practice, you need to find a location for the practice. Step number one is to establish the best location for a medical office building. Boulevard Medical Properties can help you with your search for specialty medical offices in Downtown Los Angeles. With their help, you can focus on the areas that are most important for managing a medical practice.

You Can’t Spell Management Without Manager

To effectively manage a medical practice, there needs to be someone in charge of the management. Many times, physicians will try to take on this role to disastrous results. Next to the human body, managing an office may seem like child’s play, but a medical practice is quite a complicated system. By having someone knowledgeable and focused take on the management responsibilities, the practice will thrive. It is important to find an educated manager. One who knows about all positions and their functions in the office. This will help give them insight into how to delegate properly. A communicative manager is necessary as well because a medical office only runs effectively if everyone is on the same page. Finding the right person to fill this crucial role will make all the difference in a medical practice.

Cleanliness Will Set You Apart

There are places that people assume to be clean: restaurants, hotels, and the doctor’s office. If something shatters our perception of these places being cleanly, most typically do not return. A cockroach in the bathroom of a restaurant or a dirty towel in a hotel room can spell disaster for these establishments. The same goes for medical practice buildings and their workspaces. Many people have a fear of going to the doctor, so visiting a medical office can be a stressful affair.

By creating a clean and inviting environment, you can help foster a positive experience for patients. Cleanliness is important to set yourself apart from other practices, but it is also necessary for the safety of your patients. Most patients who visit a doctor do so because they are sick. Having a heavily trafficked area with sick people spreading germs is more than enough reason to properly invest in janitorial services and supplies. In some cases, cleanliness can be the difference between life and death in a medical practice.

You Can’t Over Deliver When You Understaff

This is a thin line to walk because being frugal and financially sound is important too; however, being understaffed and ill-prepared could be more harmful to your bottom line. Even with appointments set, you never know who may be coming into your medical practice for an emergency that could set the delicate balance of your schedule into utter chaos. The thing that is most synonymous with going to the doctor is sitting in the waiting room even when you have an appointment. Imagine how superior your medical practice will be if you were one of the few that actually kept to the appointments that patients set. Going above and beyond means that something needs to be different to keep your patients happy and returning.

Finding Medical Offices in Downtown Los Angeles

Managing a medical practice can be time-consuming, and Boulevard Medical Properties is available to help in any way they can. We will take the stress of finding medical offices in Downtown Los Angeles. Give us a call today to see how you can benefit from our insight.

What are the Different Types of Commercial Properties?

Beginning any new business comes with a set of foundational questions to ask yourself. One of those foundational questions is what type of building or space you’d like to build your business in. Choosing the right property for your business is essential in its ability to properly flourish. Before you sign that medical office lease, continue reading on to find out more about different types of commercial properties and choosing the one that is right for you.

Office

Office buildings are a very generalized commercial property that can vary on a wide spectrum. They are usually divided by urban or suburban environments. Urban offices are found in, you guessed it, urban neighborhoods or cities that are usually housed in high-rises or the like. They also tend to be a lot larger than suburban offices. Suburban offices, on the other hand, can be found even in residential looking buildings or in a group with other offices. Office buildings can also vary depending on their rank (Class A, B, or C). Class A buildings are regarded as the more premier office buildings compared to B or C. They usually have a great marketing presence and incorporate innovative building techniques or style. Class B buildings are considered the average among office spaces. They generally have a reasonable rent and are adequate as an overall building. Class C buildings usually offer low rent but are not considered the best in building adequacy.

Medical office buildings are another commercial property to consider among the office group. These properties often house private practice or group practices. In a group practice, several doctors come together to work together in providing their medical specialty. On the other hand, a private practice involves one doctor who runs the operation, though they may have some employees to help them with this. Medical office buildings are a very popular option for medical companies or private doctors. They offer many amenities at a good rate. For example, Boulevard Medical Properties in Los Angeles offers to take care of lease paperwork and wishes to work with you to provide your office with what you specifically need for your business to succeed.

Industrial

Another type of commercial property is an industrial building. Industrial buildings are usually frequented by several different tenants. These can house anywhere from basic industrial operations for manufacturing to bulk warehouses or an industrial & office space mix.

Retail

Retail properties are made up of retail stores, restaurants, etc. This can range from housing multiple tenants to single buildings. This can also include big chain stores such as Walmart, Target, etc.

Hotel

A hotel is another type of commercial property that people don’t often think about. Hotels can be a part of a chain, such as the Marriott, or an independent business. Depending on their status, they may offer anywhere from limited service, to full service with a restaurant and concierge. Casinos are also regarded as hotel commercial properties. Another type of hotel is an urban or resort located establishment like a bed and breakfast. This is regarded as a “boutique” and isn’t part of any larger chain.

Multifamily

Any type of residential real estate outside of a single-family home is considered a multifamily commercial property. This includes high-rises, mid-rises, a two-three story home (which is considered a “garden-style” property and walk-ups. Housing communities or low-income housing is also considered a multifamily property.

Overall, commercial properties are defined as anything larger than one house or lot. So whether you’re looking to lease a new medical office (contact Boulevard Medical Properties today!) or rent an apartment in a condo building, it’s all considered commercial!

Most Important Questions to Ask When Renting Commercial Real Estate

Whether you are just starting the hunt for the perfect space for your business or are narrowing in on the final steps of the process, it is crucial to know the right questions to ask when renting commercial real estate. Fortunately, Boulevard Medical Properties can help guide you from the first steps to the last signings. For more information about our commercial property services, get in touch with us today!

Question #1: What is the cost?

Perhaps one of the most obvious places to start is the price. After all, the price will dictate if you can seriously consider signing the lease for the property. In addition, it is important to note how they expect to be paid, when the amount is due, and if you can lock in that rate and terms for your entire time in the location. Since each property can vary greatly from one to the next, it can be extremely helpful to have the team of Boulevard Medical Properties on your side.

Question #2: How long will the lease run?

When selecting a commercial real estate property to rent, one of the first questions that should be asked is about the length of the lease. It is crucial to establish the length of the lease and not assume that it is the same as the other properties you have viewed, especially since it is beneficial to the landlord to have you sign for as much time as possible. (Longer leases tend to benefit the landlord since it reduces the likelihood of vacancies where they are not getting paid for the space). It is also important to discuss what the beginning date of the lease is, and what will happen in the event that it is not ready in time. Discussing this information will ensure you do not wind up paying for the space while they undergo emergency renovations or have difficulty removing the previous landlord.

Question #3: Can I sublease?

While your intention going into the agreement may be for you to stay in the property for the entire time, it is important to know your options in case of a drastic change in your business. Whether the change is good (ex: exponential growth that has caused you to outgrow the space) or bad (ex: you can no longer afford the rent), having the option to sublease for the remainder of your agreement can be a great option for your business.

Question #4: Is there a “recognition” or non-disturbance clause?

Another way to protect yourself, your company, and your employees is through a non-disturbance clause. This will ensure that you do not get the short end of the stick if your landlord goes broke and a new landlord tries to double your rent.

Question #5: Am I limited to a certain Internet provider?

In today’s modern workplace, efficiency can be severely hindered with a subpar Internet provider. Before signing and agreeing to the lease, make sure you find out if you have any flexibility with your Internet provider. In the case of the landlord only working with one option, make sure that it is effective and it is not just the cheapest option to save them money. (During this discussion it can also be beneficial to discuss if a cleaning crew is provided, who pays for which repairs, which utilities you are responsible for, etc.)

Finding the Appropriate Medical Office Lease for Your Practice

Regardless of what your practice specializes in, the right location cannot be stressed enough. Boulevard Medical Properties take on the headaches that come along with searching for commercial property, so you can focus on running your practice. To learn more about our services or to get straight to your property search, contact us today.