In an article published in October in Lexis Practice Advisor, McGuireWoods healthcare associates Paul Kiehl and Timothy Loveland and real estate partner Alan Gordon provided an overview of important considerations in ambulatory surgery center lease agreements.
The authors explained that leases for ASCs “present unique issues that must be identified and negotiated by the attorneys representing the landlord and the ASC tenant.”
The article covered key lease provisions and provided practical tips for drafting and negotiating a lease from both the landlord’s and the tenant’s perspective. It focused on issues such as regulatory risks, rights and obligations with immediate impact, and provisions that may not concern parties until later in the lease term.