American Tower Lease
by George
American Tower wants to extend our cell tower lease and expand the cell tower equipment compound -- I assume to bring in more cellular tenants. There are three antenna on the tower, AT&T, Verizon and Sprint. We are getting about $900 per month total. I know this is pretty low but originally Verizon Wireless built the tower on my mother's property and they thought that this was great money and they had no idea they were leaving money on the table. They are also only receiving 5% increases every 5-year term which is also low. We will gladly extend the lease with American Towers but we want them to increase our rental escalations and give us some of the subleasing revenue that they are getting from Sprint and AT&T. How much do you charge as a fee to help negotiate the American Tower lease?
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