If you’re an established veterinary practice owner, it might feel like your lease is just another fixed cost you can’t do much about — but that couldn’t be further from the truth. In fact, your lease renewal is one of the most powerful tools you have to improve your bottom line, enhance your space, and build long-term value into your business.
Whether you’re a few years out from renewal or already in discussions with your landlord, now is the time to evaluate your position and explore ways to turn your real estate into a strategic advantage.
Don’t Just Renew — Renegotiate
Many landlords expect you to negotiate at renewal. This is your chance to request:
- Lower base rent
- Additional TI (Tenant Improvement) funds
- Rent abatement during construction or renovations
- More favorable terms (like early termination clauses or expansion options)
Pro tip: Don’t go it alone. Work with a broker or project manager who knows how to position you as a high-value tenant.
Leverage Tenant Improvement (TI) Dollars — Even as an Existing Tenant
You don’t have to be moving into a new space to ask for TI funds. If you’re remodeling, upgrading equipment, or improving efficiency, many landlords will invest in your space to keep you long-term — especially if you’re a strong, stable tenant.
- Use TI funds to refresh tired finishes
- Upgrade HVAC, lighting, or flooring
- Reconfigure your layout for better workflow or added services (like urgent care or boarding)
Use Market Conditions to Your Advantage
If vacancy rates are up in your area, or your landlord is trying to retain long-term tenants, you may have more leverage than you think. Your broker or project manager can help you:
- Benchmark your current lease against local comps
- Present data showing why a rent reduction or TI request is reasonable
- Position you as a tenant they don’t want to lose
Consider Relocation as Leverage
Even if you don’t plan to move, knowing your options makes you a more powerful negotiator. Tour a few available spaces. Get a sense of current market incentives. Let your landlord know you’re exploring all your options — respectfully, but confidently.
Get Strategic With Your Savings
Any reduction in rent or capital invested in your practice is a chance to:
- Expand your services
- Invest in equipment
- Refresh your brand
- Improve staff and client experience
You’re not just saving money — you’re reinvesting in your growth.
Your lease isn’t just paperwork — it’s a business tool. Whether you’re renewing, remodeling, or just reviewing your options, your real estate strategy should reflect where your practice is today and where you want it to go next.
Don’t miss the opportunity to turn your space — and your lease — into a driver of profitability and progress.
