Physicians Practice Questions & Answers : Getting Out of a Lease

Business Resources
by Category

-- Advertisement --
View a free webinar on Revenue Cycle Management.

-- Advertisement --

White Papers

Assessing the Value of Mobile Point-of-Care Solutions for Three Clinical Workflows -
Healthcaregoesmobile.com

View All

Try our "Virtual Buyers Guide!"
-flip through the pages!
-search by keyword!
-download to your desktop!
-forward to a colleague!

< Home < Q&A < Q&A Details

Questions & Answers

Getting Out of a Lease (posted 9/1/08)

Q: Last year I signed a five-year lease with a laser company. I have been paying about $3,000 a month. I do not have many customers, and the payment is a big burden for me. I have tried to sell to other physicians without success. What can I do to get out of this lease? I am very desperate.

A: You need to read the contract in very close detail to see if there are exit or other similar clauses. It may cost you something, but that may be less expensive in the long run.You can also look at the other side of the equation. You must have expected to have customers when you leased the laser. What happened? Wrong audience? Too little marketing? If you can identify what went wrong and devise a way to change it, maybe you can begin to recoup your costs.

Additional Resources

View more questions and answers from the September 2008 issue

View more questions and answers related to Legal

View more questions and answers related to Finance

View more questions and answers related to Operations

Ask an Expert

Can't find the answer to your question? Send a question to our experts and receive an answer via e-mail. Who are our experts?

Search Q&A

Ask the Experts

Have a practice management question?
Ask an expert!

Who are our experts?

Find answers to previously asked questions in our Q&A Business Resource

What do you think?
Comment now!