Loosing All Tenants On A Cell Tower

by Harry
(Brownsville, Cameron County, Texas)

We have a ground lease with SBA Communications. They have just informed me that they no longer have any tenants on this particular tower. They were paying us $1024.94 per month.

Due to not having any tenants at this time, they have offered to leave up the tower with no rental income to us for a period of three (3) years or until they get a tenant on this tower -- which ever comes first. If and when SBA finds a tenant, rent payments will resume. If we do not accept these terms of no rent, they claim they will remove the tower.

Is this the standard in the industry -- no payment at all until a tenant is found?

Please advise ..... Thanks.

Harry
Brownsville, Texas


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Jul 19, 2017
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SBA has plenty of money - NO RENT ABATEMENTS
by: Tower Genius

Harry,

Tell SBA that's called tough luck, and the cost of doing business. They can write off the loss. Don't let them leave the tower there, have them take it down.

T.G.

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