Are you equipped with the knowledge necessary to preserve your real estate value when leasing your former practice to a new owner?

Are you equipped with the knowledge necessary to preserve your real estate value when leasing your former practice to a new owner?

Negotiating a market lease entails more than relying on an appraisal or market rent comps. Knowledge of acceptable lease term, guarantor language, assignment rights and landlord responsibilities is key to preserving long-term value. Unfortunately, many leases are not structured to the advantage of the veterinary real estate owner.

 
 

It’s important to remember that a veterinary practice and the real estate that houses it are two separate assets. Upon the sale of a practice to a corporate group or a veterinarian, many veterinarians will elect to continue to own the property and lease it back to the new practice owner.

While this can be a great way to maintain a reliable revenue stream, many veterinarians do themselves a disservice by not understanding the value of their property before entering into a lease agreement with the new tenant.

Talking to Terravet first can ensure that veterinary real estate owners are armed with the appropriate information in order to negotiate the best possible arrangement.

Request a Valuation

It’s important to remember that a veterinary practice and the real estate that houses it are two separate assets. Upon the sale of a practice to a corporate group or a veterinarian, many veterinarians will elect to continue to own the property and lease it back to the new practice owner.

While this can be a great way to maintain a reliable revenue stream, many veterinarians do themselves a disservice by not understanding the value of their property before entering into a lease agreement with the new tenant.

Talking to Terravet first can ensure that veterinary real estate owners are armed with the appropriate information in order to negotiate the best possible arrangement.

Request a Valuation
 

Are you relocating or renovating your existing practice?

Are you relocating or renovating your existing practice?

Do you own a practice that has outgrown your existing space? Sometimes finding a new location is what it takes for your business to achieve its full potential. Terravet can help by purchasing the building for your new location and spreading out the costs of the “fit-out” over the life of a long-term lease agreement. You can realize all of the benefits of expanding your business without the difficult up-front expenses.

 

Are you looking to buy a veterinary practice, but not real estate?

Are you looking to buy a veterinary practice, but not real estate?

 

Acquiring your first practice can be an exciting and daunting step. Many young veterinarians put off this step longer than necessary because of the substantial up-front costs. Terravet can assist in the process by purchasing the practice real estate alongside your purchase of a practice and defraying the costs over the life of a long-term lease agreement. With Terravet, you can realize your dream of practice ownership years ahead of schedule while reducing some of the burdensome up-front costs.

Talk to Terravet First

Talk to Terravet First