North Texas Dentistry Volume 5 Issue 7 | Page 9

Photos by Ray Bryant, Bryant Studios In addition to location, securing the best site for your practice requires careful considerations of factors such as lifestyle, competition and demographics. hundreds of contracts specifically for dentists and work with our network of lawyers to ensure your best interest is represented in every way,” said Wheeler. For dentists who are planning to build or finish out a new office space, Thomas Allen can link you with builders who consistently deliver a great office on schedule and budget along with experienced equipment providers who will design and furnish your medical office space. At every stage of the process, the Thomas Allen team will make sure you are protected by referring you to insurance providers who can get you the specific coverage you need. Removing the stress from relocating Wheeler emphasizes that working with the Thomas Allen team of advisors not only eliminates the stress of finding a new location, but also helps doctors avoid common pitfalls that can potentially cost hundreds of thousands of dollars. This is true whether a doctor is purchasing or leasing a property. Wheeler describes how the team routinely negotiates to help doctors secure favorable lease terms. “We work hard to help dentists locate the appropriate office space and negotiate the best rates and terms. By negotiating fair and reasonable office leases, we can enable our clients to grow their practices and eventually sell or transition them without worrying about any potential roadblocks.” He explains, “Often, landlords set up a lease in a way that builds in unexpected disadvantages for the tenant because it is designed to benefit the owner. Unfortunately, many health care professionals are focused only on the rents when negotiating and Thomas Allen specialists help clients understand trends and how crucial factors like accessibility and visibility of the locations affect pricing. may overlook other critical issues such as unnecessary personal guarantees, termination clauses, costly relocation clauses, inability to expand, and the inability to control the dental practice sales process. By not understanding these fundamental components of the lease, you may be putting your practice at significant risk. Allen adds, “We watch over every detail to make sure our client’s best interest is kept at the forefront during the entire process. www.northtexasdentistry.com | NORTH TEXAS DENTISTRY 9