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Crown Castle lease

by Doc
(NC)

We are 12 years into a 25 year lease on a cell tower which is on our farm and Crown Castle who now owns the cell tower approached us about a lease extension. Why would they want to do this so soon? Doesn't seem we have to much leverage negotiating this Crown Castle lease extension because they really aren't offer too much. Does your firm have any thoughts or advice on how to deal with the Crown lease offer?

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Crown Castle lease

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Nov 01, 2010
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starstarstarstar 		CROWN Cell Tower Lease Extension
by: Airwave Management

Crown has been quite aggressive in extending tower leases and the 12-year mark seems to be common as we get calls from landowners weekly who are in their 12th or 13th year and are proposed an extension.

They want to expand the leased Premise so that they can have additional co-location and many times already have a cellular carrier lined up to install their antennas on the tower. There is usually a small amount of negotiating space with them but they usually want to pay a one-time small cash payment an keep everything the same. However depending on how badly they need the location there is some room for negotiating more favorable terms.

We know the Crown Castle lease and understand the leasing terms which they are most likely to accept and reject.

Give us a call at 888-313-9750 if we can help.

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