ATT lease. 4 yrs remaining.

by Steve
(Los Angeles)

I have AT&T on my property in Los Angeles. The tower was placed there in 1988. In 2000, AT&T asked for a reduction in lease terms via a 3rd party. We agreed to: 6% escalator lowered to 3% and a $200 reduction in monthly rent on a 15year, no cancellation lease. Woo pee! Since then, Sprint has come on board and has panels on the AT&T tower. I get $2,100 from Sprint and $2,100 from AT&T. No Sublease sharing with AT&T. I feel I have been ripped of by ATT and the 3rd party when the scare tactics were used to lower rent in 2000.

The tower is Located at the "East LA interchange" of Freeways. Also known and the "Busiest intersection of freeways in the world" as per wikapedia/google. 10fwy, 60Fwy, 101 Fwy, 5Fwy. Not counting heavy surface street traffic as well.

What to ask for in next lease?




Comments for ATT lease. 4 yrs remaining.

Average Rating starstarstarstarstar

Click here to add your own comments

Nov 24, 2013
Rating
starstarstarstar
Need clarification
by: Tower Genius

Steve... are you getting $2,100 per carrier monthly ($4,200 monthly?) or is that a yearly amount? Please call us at 888-313-9750.

Oct 10, 2013
Rating
starstarstarstarstar
Besides an Apology?
by: Tower Genius

Steve we feel your pain. Sorry you got your steamrolled by that third party and the carrier. Of course back in 2000 who really knew what these cell sites were worth, and there weren't any cell tower consultants on the internet, and the Wireless Wiseguys (aka Experts) at our company were still working for the carriers and had not come over from the dark side of the wireless industry to represent landlords yet.

We can't tell you what to ask for on this website because a competitor of ours from one of the Appalachian states seems to copy a lot of our content on his website.

But we digress...

Everything is negotiable. We need to review the lease and the location.

Please call us.

Tower Genius
888-313-9750

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to AT&T Lease Agreement Questions.

Find out from Tower Genius how we help landlords and property owners in the USA and Canada maximize cell site lease values and get the best possible terms for:

  • Cell tower lease agreements
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • Tower lease buyouts offers
  • Rooftop lease buyout offers
  • Rooftop cell site audits
  • Lease Agreement defaults
  • Cell tower valuations
  • Rent reduction solicitations
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Rogers
  • Telus
  • Bell Mobility

Cell-Tower-Leases.com
Contact Tower Genius

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.