Everyone Has Questions
These Are The Ones We’re Asked Most

Q: Is there value in leasing a space previously occupied by a clinic?

A: In some instances, yes. However, we advise having your advisory team review the property. Changes in construction codes, such as vents and washrooms, may require you to amend or even remove existing improvements. You want to avoid these costly scenarios.

Q: Is it worth paying more rent to be in one location over another?

A: That depends on your requirements. For example, situating on a high-profile corner may seem like a good idea, but if transit access or parking aren’t available, it could make it challenging for patients.

Q: What sort of zoning issues may I run into?

A: Many properties are zoned for a specific use. Your concept might be permitted, discretionary, or prohibited. For example, some zoning permits medical, but not on the main floor. Some areas of the city have parking relaxations while others require a significant amount of onsite parking.

What’s important is getting on top of zoning issues upfront, during the planning and leasing process. You’ll want to work with an experienced advisor to help you navigate zoning issues.

Q: What assistance can I expect from my new landlord in terms of upgrades, free rent, and tenant allowance?

A: This depends on the location, the landlord, your use, and covenant. Based on our market experience, we can provide you with a realistic expectation of incentives.

Q: What is a covenant and am I always expected to provide a personal guarantee?

A: A covenant is the security you as a tenant provide. The Landlord relies on your financial well-being to give them the confidence to lease you space. A personal guarantee is not the only way to secure a covenant. You can often use a letter of credit, larger deposit, lower landlord contribution to the deal, etc.