by Bill
(Pittsgrove, NJ 08318)
I currently have a tower on my property. The lease was originally a 25 year lease with a 15% increase every five years. We are now under 10 years left on lease agreement. The company wants me to sign a new lease extending it for like 75 years and the option to lease more property space than they have now. Now it is 40' x 40'. I believe they are looking for another 20'x 40' area. I do not get compensated on additional cells on tower. How should I renegotiate this? They are even trying to get me to accept an one time upfront payment just to sign. Any direction would be greatly appreciated. Thank You.
Comments for Extension of Lease
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