Cirrus Tenant Lease Services

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What Our Clients Say

Do you want to know why more and more health care professionals all around North America choose Cirrus as their partner in upcoming lease negotiations?
Find out what American dentists have to say about us!

Insights

Working With Cirrus - Steps in the Process

As a new client you will no doubt be curious as to how the process works when dealing with a professional negotiator. This article is meant to both outline how we will work with you and your landlord, as well as define and explain some of the key documents and processes involved in a commercial lease negotiation.

Rent vs Own Calculator

The right mortgage has to have the right monthly payment for your particular financial situation. The mortgage payment calculator is a simple way to make sure that you've got a match. It calculates your potential monthly payment by computing parameters related to loan and property information. It also takes into consideration tax and insurance information. Input these numbers and you've got quick estimate of whether or not the loan is in your budgetary ballpark.

Dangers Of Waiting Too Long - by Lewis Gelmon

Renewing your tenant lease is one of the most important matters which physicians and dentists need to correctly tend to in the business of practicing medicine. In working with literally thousands of physicians and dentists over the years, a lot of people ask me what is the biggest mistake which healthcare professionals tend to make when dealing with their lease renewal.

Post-Lease Stress Syndrome

Are the assignment provisions written to allow you the ability to retire early without penalty? What happens if you become disabled? Will your lease be terminated if you express your desire to hand over your practice to an associate? Can the landlord terminate your lease if you express the desire to hand the business down to your child?

Operating Costs: Do You Know What You Are Paying For?

You should not have to pay for any improvements or replacements done in order to increase the value of the property – that is a landlord’s cost. You shouldn’t have to pay for repairs or replacements of structural components, real estate broker’s commissions, or professional fees charged that do not relate to your space specifically.

Steps to Take When Preparing for a Tenant Lease Negotiation

Negotiating is not an exact science. There is no sure and fast way to come to a deal to which both parties will agree. However, by knowing which risks require amending first according to your goals, and by starting well in advance you will be two steps closer toward leveling the playing field.

Cirrus: Case Studies

Not realizing that there were alternative options, a successful dentist chose a real estate agent to help him in finding a new site. What the dentist didn’t know is that landlords pay these agents a commission. A higher commission may influence sites they decide to show to the client.

Review Your Medical Practice Lease: Prescription for Long-Term Prosperity

Based on our experiences working with thousands of physicians and dentists across North America on new lease and renewal negotiations, there are likely to be many other doctors with very busy practices who have not recently reviewed their own lease document. However they would benefit tremendously from taking the time to do so.

Negotiating Office Lease for A Small Business

Many small business owners and entrepreneurs (and healthcare practitioners definitely fall in this category!) get themselves into trouble by leasing too much or too little space. They then find themselves locked into a contract that no longer fits their needs. Here we discuss the pitfalls you should be on the lookout for, as well as ways you can negotiate expansion rights and early termination language into your lease.

Learn how to properly structure your office lease in 20 minutes

There's a 75% chance your office lease is above market meaning your landlord has (and still is) enjoying profits far beyond what would be a standard Market Lease. Why?

Are There Any Hidden Bombs with Long Fuses in Your Office Lease?

Your office lease is one of the most important business agreements you will negotiate during your career. Poorly negotiated leases can make it difficult for you to sell your practice, ding you for hundreds of thousands in “key money” if you move, and leave you responsible for paying office rent after you retire.

Cirrus vs Brokers - Did you Know?

Cirrus works for and is paid by the tenant, while real estate brokers are paid commission fees (usually 3% to 6% of the total lease amount over the entire lease term). As a result, brokers have a bottom in center to get the best deal that gives them the best "return" on their effort which does not necessarily coincide with that of tenant.

Buying vs Leasing - the Dental Dilemma

The debate to buy versus lease often arises from the same question that motivates people to buy a residence: “Why am I not paying down a mortgage instead?”

Your Cash Flow, Debt, Taxes, and Retirement

Are you looking for ways to improve your cash flow without working longer hours? Are you over 50 and want to really jump start your retirement? Considering moving your office and are not sure how much you can afford? Click below to listen to a preview of a Cirrus seminar, FREE!

Knowing when to start renewal negotiations is half the battle

The biggest mistake that professionals make when renegotiating their lease is that they wait until the last minute (often within a month of expiry) to commence discussions with their landlords. Waiting until the last minute gives you no time to prepare and you end up with the least leverage possible.

Chicago Dental Society: An expert shares tips on renewing leases

No matter what anyone tells you, we assure you that dentists and doctors don't have to sign a contract “because it's standard.” In fact, a lease may also contain 50 dates that all signify different commencement and ending points.

Tenant Tips. Maximizing Revenue Growth Potential with your Use clause

This clause states the activity or activities in which you are allowed (and obligated) to participate in within your premises. What may appear to be a straightforward clause, can often leave a tenant restricted as to how revenue can be generated and maximized.

Tenant Tips. Set up to sell!

Does the Assignment clause provide your landlord with the right to terminate the lease in the event that you request an assignment? Does it state that your landlord must act reasonably when considering or providing consent to the transfer of the lease?

Tenant Tips. Importance of Understanding your Market.

The ‘market’ that we are referring to is the real estate leasing market within the vicinity of your location (or potential location). Prior to entering negotiations with the landlord, you must have a strong understanding of this market. Without this understanding, you will not know if the Landlord is offering you fair financial terms and ultimately, a good deal.

Tenant Tips. Critical Dates: Be Aware!

There are a range of critical dates included in your lease. Let’s look at what they mean and how they can they affect your business.

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