Several unique factors play an essential role in identifying acceptable medical property for leasing purposes. Working with hazardous materials, complying with HIPAA, quick access, and convenient parking—all of those things need consideration when leasing a medical facility.
A general office lease differs from a medical space lease in many different ways. You need to check out medical office lease issues and space’s flow to determine what specific pieces of kit you will be needing.
While every deal is exclusive, there are a couple of important questions that always need thoughtful answers. And it’s up to the tenant to know what those are to make sure an efficient practice.”
So, here are five things to think about when leasing medical office space:
Factors to Consider When Leasing Medical Office Space
Space Comply with Your Needs
Listing certain factors will help you develop more concrete answers. Imagine the space and see if it is suitable as per your plan and requirements.
Are the exam rooms distant from the waiting area?
Does space allow the staff to be productive and efficient?
The very first thing many medical tenants check out when it involves location is the space’s proximity to the central hospital system.
Making sure your location is accessible for your patient base—including those with limited mobility—is something that ought to be deliberated.
Management of Hazardous Waste/Materials
Medical office spaces often produce materials that are a biohazard. With available office spaces, most leases prohibit the introduction of any hazardous wastes on the property.
It is usually not the case with medical leases. Instead, the lease should provide well-defined guidance on who will be liable for removing such wastes. The liability for this issue is unavoidable.
Remember to ensure that the materials are stored and disposed of properly. Confirm the lease is crystal clear on how it’ll be executed and who will be granted access to those materials.
HIPAA Compliance
While every office space contains confidential documents, medical areas must suit the insurance Portability and Accountability Act (HIPAA). The laws outlined by HIPAA vastly affect the functionality and accessibility of medical office spaces.
It’s important to incorporate information within the lease that outlines the landlord’s access to space. Usually, landlords are required to supply a particular notice before entering, unless there’s an emergency. Leases also can outline the restriction of certain areas at certain times.
Facility for Special Equipment/Procedures
Special equipment requires specialized accommodations. Because many machines need their rooms, generate extra heat, or require specific insulation, these terms must be outlined within the medical office lease. Completing your homework beforehand will make sure that utility services are ready to accommodate any additional needs.
Some medical machines need shielded rooms lined with lead or other materials to operate, which will not be readily available in specific spaces—knowing what equipment or procedures the physician plans can affect the deal, what sort of space they have, and, therefore, the negotiation as an entire.
Surroundings of the Space
Many medical doctors seek spaces that include other medical care and general medicine specialists because it allows for a “built-in referral system.”
Instead of sending your patient across the town to follow abreast of a matter, doctors can send them to a different office within the building, lowering confusion and adding convenience.
Our goal is to help clients find the medical office space that matches their needs at medical office. By listening to medical tenants’ various needs, anticipating future trends, and connecting with clients, we create a relationship that aims to satisfy medical office lessees’ unique needs.
It’s always rewarding once we are ready to negotiate a lease that benefits both the owner, the tenant, and, therefore, the public who needs exceptional medical aid.
