If you are looking to at this option within your medical practice, ensure you consider early on what agreement or arrangement you will have with the incoming medical professional.
Some of the common agreements used for renting out practice rooms to other medical professionals include:
- Commercial lease (paying rent for a certain space/area)
- Sessional fees (per day, per session)
- Percentage of billings / service fees
It is important to look at the above options from a commercial perspective and consider which is right for your practice. It is also common for agreements to change over time, and there can be different agreements for each medical professional that you sub-lease or rent space out to.
Do you need help looking at your options from a commercial perspective? BLG Business Advisers have assisted many clients in this situation. Take this opportunity to get in touch with us today online or by calling (02) 4229 2211.