Location, Location, Location. Whether your lease or own, your office is one of your practice’s most important assets. Your location is essential to maintaining your practice goodwill.
If you rent your office, your lease agreement can improve the value of your practice and provide protection throughout your career, or it can be a constant source of conflict and may hurt your ability to transfer ownership of your practice. If you own your office location or are thinking about buying, you need to ensure that your purchase is protected and won’t affect your long-term practice goals.