Commercial Leases for Medical Practices

Your practice premises significantly impact your success. Understanding commercial lease terms is essential before signing.

Key Lease Terms

Rent and Outgoings

Understand what you're paying for:

• Base rent calculations
• Outgoings and recovery methods
• Rent review mechanisms
• Market rent disputes

Term and Options

Secure your practice location:

• Initial lease term
• Option periods
• Option exercise requirements
• Assignment and subletting rights

Permitted Use

Ensure your activities are covered:

• Specific medical use permissions
• Ancillary services (pathology, pharmacy)
• Hours of operation
• Signage rights

Fitout Considerations

Initial Works

Plan your establishment:

• Landlord contributions
• Approval requirements
• Building code compliance
• Access for works

End of Lease

Understand your obligations:

• Make good requirements
• Removal of fixtures
• Reinstatement costs
• Negotiating variations

Retail Lease Protections

If your lease is a retail lease, you may have additional protections:

• Minimum disclosure requirements
• Outgoings limitations
• Rent review restrictions
• Dispute resolution options

Conclusion

A well-negotiated lease protects your practice investment and provides security for your business. Always seek legal advice before signing.