We bought a property with cell tower lease already intact. We discovered carrier has 2 antennas that are located outside of the leased space. They immediately said they would like to do a lease amendment to add the antenna space and compensate us for that additional space. They said that each antenna is using up 32 square feet of space, for a total of 64 square feet. They then said that their standard lease rate for such space is $3.00 per square foot. So, their proposal is to pay us an addition $192 per month ($3.00 x 64 sq ft).
What is a fair rate to get when carrier antennas are found to be located outside of the leased space? Is this a violation of lease, thereby opening the whole lease to renegotiation?
Comments for Carrier antennas located out of leased space
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