There are many things that every dentist in Texas must take good care of to ensure that he has a smooth-sailing practice. One of these things is office dental lease. Whether you like it or not, it is important that you consider renting out a great dental clinic for your career. Take note that clients are more likely to hire your services if you have a physical location where they can visit you whenever they have dental needs.
In this article, we are going to discuss the top three types of dental office lease or rent. At this point, it is important to emphasize that knowing the difference is essential so that you would have an idea on how much to pay. At the same time, it can also help you choose the right option to take. Check these out:
Single Net Lease
In this type of rent, the dentist is liable for the monthly payment of the rental fee as well as the property taxes. The tax shall be based on a pro-rata share that is agreed between the owner of the office and the dentist. Aside from this, the renter may be required to pay a proportionate share on the insurance fees. When it comes to the payment for janitorial services and utilities, such as electricity and water bills, the responsibility will fall upon the tenant.
Double Net Lease
This type of lease also involves the payment of 100% base rent. As part of the terms and conditions, the tenant shall have the obligation to pay his share to the insurance fees and janitorial services of the building. The amount to be collected must be discussed ahead of time to avoid payment of unnecessary fees. What makes it different however is that there is a provision in the lease contract that the owner of the property shall be responsible for all the structural repairs or improvements on the building where the clinic is located.
Triple Net Lease
The common type of lease is called triple net lease. However, it must be noted that it is only ideal when it comes to retail space office or free standing office. It is called “triple net lease” because the tenant needs to pay three nets namely property insurance, property tax and CAMS. In this scenario, the renter has the sole responsibility of paying the utilities per month. There is a need to emphasize that the monthly payments under this type of lease may be expensive.
Contact a Texas dental attorney today who can provide you with a confidential consultation and evaluate your case and counsel you on the best steps to take. Contact Mr. An by calling or texting him 24/7 directly at (832) 428-5679.