Dental Solicitors

Buying and selling a dental practice can be a complex process, but to guarantee your commercial transaction is completed smoothly and quickly, you should be aware of the following points:

Is the solicitor experienced in buying and selling a Dental Practice ?

Before you begin looking for a solicitor one of the questions you'll be asking is "How long will my transaction take?"

The timeframe for commercial conveyancing on a dental practice can be jeopardised by various factors, the most common being the solicitor you've chosen.

Using the right solicitor who's experienced in specifically dealing with buying and selling of dental practices will ensure your sale or purchase runs smoothly. Using a cheap solicitor who doesn't have the experience may end up costing you more in the long run so it's essential you know your solicitor has the relevant background to deal with your transaction.

Is the practice being sold registered with the Care Quality Commission (CQC)?

Not only is it illegal to practice dentistry without sufficient registration but some lenders may ask for evidence of their registration or an application being submitted before any funds are released thus causing a few headaches on your sale or purchase.

Is the practice a Freehold or Leasehold?

If you are looking at purchasing a leasehold practice, bare in mind that this can be more complicated than buying freehold. Find out how many years there are left on the lease as your lender may wish to extend this, causing further delays.

Is the practice NHS or mixed?

You must make sure that the Contracts of NHS dental practices are suitable for sale and do not risk termination due to any breaches of the contract or any liabilities.

A suitably experienced dental practice solicitor will be able to proof the contract ensuring there are no nasty surprises before signing.

Do you have sufficient funding?

It's important you are approved for funding, from your lender, early on. This will not only save you time but also make you aware of any complications later down the line.

Lenders are being more stringent in the way they question whether a purchaser is suitable and has the managerial skills to run their own practice.

Ross Legal LLP are specialists in this sector and have worked with the Dental Profession for over 15 years.

We offer national coverage from our Manchester offices, but more importantly we provide a personal relationship with our clients.

If you'd like to discuss selling or buying a Dental Practice please feel free to give us a call.

Ross Legal LLP

Dental Solicitors

Tel; 0161 720 7200