Exclusive Broker Representation - Don't Overlook the "F" Word
Written appointment establishes the obligations of the tenant broker, as well as the tenant. It guarantees the elimination of conflicts of interests and holds the appointed broker to the highest level of fiduciary responsibility and loyalty to the dental tenant. Appointing an exclusive licensed real estate broker, in writing, is critical, from the very beginning of a contemplated real estate transaction due to the elevated level of business risk taken on by the practitioner in opening and operating a practice.
We like to refer to the exclusive appointment of a licensed broker as establishing a leak-proof barrier around the real estate portion of a practice that entitles the dental tenant to exercise all of the maximum rights and receive all of the maximum protections that are available in an expertly-negotiated lease agreement.
There are perceived ambiguities regarding real estate broker representation. It is vital that the dental understand the entitled rights and protections that are forfeited without exclusive and appointed tenant broker representation.
Without broker representation any and all real estate brokers the tenant comes in contact with work for the Landlord.
WHY? These undesignated brokers, by law, are required to report all pertinent information the unrepresented tenant divulges to the Landlord and are only representing the Landlord’s best interest. The unrepresented dental tenant who waives his/her entitled right to exclusive brokerage representation is placed in a very perilous and costly disadvantage.
When we started thinking about opening a practice, we asked our friends about real estate representation. Norman Gelfand got rave reviews in conversation, as well as in recommendation letters. We learned a lot in the process due to Norman’s expertise in lease negotiation about the importance of a well-negotiated dental lease and how the right terms and conditions can positively affect a practice’s profitability by minimizing risk to protect the practitioner’s capital investment. Our Landlord was a “tough cookie”. Norman’s professionalism and negotiation ability resulted in a lease that protected our interests, and was key in establishing a positive landlord-tenant relationship. It was a win-win result.
Norman not only looked at the “now” issues. He negotiated our lease by anticipating “over the horizon” issues and safeguarding against financial loss should they occur.
We unreservedly recommend Norman Gelfand and DENTREXX for your dental real estate. He exhibited a consistent attitude of protectiveness above and beyond the call of duty."
Robert Hendricks, DDS & Kristen Hendricks, DDS
Bright Smiles Dental
DENTREXX Does What Others Don't.
DENTREXX exclusively represents dental tenants and buyers in selecting strategic locations, negotiating money-saving Letters of Intent, and in negotiating business protective stipulations throughout the dental lease.
Leave the real estate portion of your dental practice to us.
FOCUS ON CASE ACCEPTANCE.
Appoint DENTREXX as Your Exclusive Broker
WARNING - Dental Tenants! Without written licensed real estate broker representation – you have NO representation – AT ALL - with NO ONE to watch your back. There are no tenant confidences or protections.
Don’t forfeit the rights you’re entitled to by choosing not to appoint a designated licensed real estate broker in writing. It can cost big money, cause sleepless nights and headaches you never knew existed!!!!!
Understand your options and the connected consequences about real estate tenant broker representation. It’s about risk versus protection. The choice is clear.
Trust DENTREXX to deliver a seamless, dollar-saving, dental-protective lease from start to finish – from securing your dream location, through the market-savvy Letter of Intent phase to preserve your cash, and finally – to sign a lease that is the operative business framework for maximum protection from your business risks – now and for many years to come. Practice owners should view their practice as a long-term investment. The real estate portion is a large part of practice ownership. Establishing business protections throughout the lease is the first step toward planning for a lucrative exit strategy, whenever that may occur.
ALL AT NO COST
You’ll be glad you did!!!!!
What dental practices don't know can cost them thousands...
About DENTREXX: How We Make a Difference for You and Your Dental Practice Profitability
DENTREXX is different because we make a difference! DENTREXX exclusively represents dental tenants and buyers in selecting strategic locations, negotiating money-saving Letters of Intent, and in negotiating business protective stipulations throughout the dental lease.
Four Core Elements for Profitability in the Real Estate Portion of Dental Practice Ownership
In order to have an overall profitable practice, there are many factors outside of the real estate portion that exist. DENTREXX's one and only focus is on providing the 4 state-of-the-art Core Elements for Profitability in the real estate portion of practice ownership.
The Age of (Mis)Information: Myths That No Dentist Should Believe Before Leasing a Dental Office
While it is doubtful that a dentist will go to the Internet and become a lease negotiation "Do-It-Yourselfer", there are misconceptions that can cost dental practitioners tens of thousands of dollars every year! Explore why these common myths often cost tenants like you thousands!
Know the Hidden Business Risks That Could Threaten Your Dental Practice's Profitability
"Hidden Business Risks" in Leases that are overlooked by most real estate professionals and many attorneys can wreak havoc in practice ownership – in profitability and in time away from patient treatment spent to resolve problems that can become nightmares.
The Importance of Exclusive Representation - Don't Overlook the "F" Word
It's all about the "F" word. Without exclusive licensed real estate broker representation, the dentist has no one watching his/her back! Licensing means we must adhere to the highest level of fiduciary responsibility to our client.
Why DENTREXX Services Cost Zero - How We're Paid For Our Sevices
If the dental tenant has no broker, the landlord pays the listing broker the entire agreed-upon fee. If the dental tenant has broker representation, the Landlord’s broker pays a portion of his/her fee to the dental tenant’s broker – and there is no cost to the dental tenant.
The Value of Having a Dental-Specific Team of Professionals On Your Side
Any dentist contemplating practice ownership should have an experienced group of dental-specific professionals on his/her team. Dentists, have an experienced team of proven dental-specific professionals on your team before entering into a lease.
Preparation for Your Successful Dental Practice Exit Strategy
View your office lease as a powerful portion of practice ownership, when negotiated for business protection. A business-protective lease plays an integral part in maximizing practice value at the time of sale and significantly helps to prepare for a lucrative Exit Strategy.
The Value of Well-Defined Dental Office Lease Renewal Options
Dental tenants should never settle for “renewal options at market rate” unless there is an accepted method of determining market value to arrive at a lease rate. Tenants should not sign a lease without the specifics of the renewal right.
The Age-Old Question: Whether to Lease or Buy Your Dental Office?
There is a fallacy created by most real estate salespeople/brokers or unlicensed consultants, that it’s always best to buy your location rather than lease it, making it seem that a purchase is a guaranteed win for the purchaser. Not so fast, here!
Buying a Dental Practice? It's Important to do the Homework!
Purchasing a practice is a huge emotional and financial investment and entails lots of moving parts. Dentists shouldn’t embark on such a journey without careful evaluation by a team of professionals who have a solid and longstanding reputation of helping dentists.
DENTREXX Dental Practice Success Stories - Real Dentists Share Their Personal Experiences
Satisfied DENTREXX clients proudly share their practice's stories of success and the positive impact DENTREXX lease negotiations have had within their practices.