Let's talk PPNs!

Here I will cover the Notices section, the Option to Renew, and the Relocation clause. Generally, once both parties have entered into a Banner Agreement and Lease, the next time those documents ever get pulled out of the filing cabinet are at term renewal, at time of sale, or when something has broken down in the relationship between the parties.

Like the banner agreement, the lease is a complex legal document, and generally never balanced in the way it is drafted. It always reads very much in favour of the landlord. When I review a lease, I think of it the same way as when I read an insurance policy. There is nothing drier on the face of the earth, but you need to understand it because the next time you pull it out to refer to it, it is because something really important is going on in your world.

I am preparing to precept my next fourth-year University of Alberta PharmD student for their non-patient care rotation. I highly recommend becoming a preceptor for students. I learn from each of them and I get energized by their enthusiasm for the profession. My rotation is an elective with a leadership/management focus, and I often match with students who express an interest in becoming a pharmacy owner down the line.