Renewing your lease can provide numerous benefits, including cost savings, stability, improved space, familiarity, and community-related benefits. It can also help you maintain a strong relationship with your patients, as well as your community and local businesses. It is an attractive option when considering the future of their medical practice.
That being said, negotiating any issues you have with your current lease, including price, can help make your leasing experience more comfortable. By negotiating a more favorable lease agreement, medical practices just like yours can secure cost savings, reduce financial risk, and improve their operational efficiency.