On account of being more particular on location and the greater investment, as well as that they are relatively stable in size, medical office users tend to make longer commitments and consequently are “in the market” less. Something else that is important to this group is accessibility – in terms of travel time, being found, visitor parking, and ease into and out of the building.
Other special considerations for this segment include:
- Renewal options
- A use definition that is not too limiting
- Exclusivity against like providers
- Property compliance with the Americans with Disabilities Act
- Extraordinary utility or waste needs
- Assignment flexibility
- Relocation protection
- Surrender/restoration conditions
- Termination by reason of death or disability
- Unnecessary personal guarantees
A dedicated Tenant Representative can diagnose ways for your real estate agreements to effectively contribute to the health of your business, so you can focus on treating your patients.
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