Lease Amendment - Crown - ROFR - Length of Extension

Currently we have a cell tower lease that has options for renewal until 2035 with Crown Castle. They are coming to us requesting that we extend their lease with 5 year options until 2060 and a right of first refusal should we wish to sell. They are offering a one time payment of $4,000 for us to sign this "Letter Agreement". Is this a reasonable offer or do you believe we request more? How much more?

Comments for Lease Amendment - Crown - ROFR - Length of Extension

Average Rating starstarstarstar

Click here to add your own comments

Apr 25, 2015
Bad deal for you, great deal for them.
by: Tower Genius

Don't do it. They have plenty of time left on the deal. Twenty years is enough. If you have any questions about their ROFR right of first refusal, please give us a ring, we can explain it to you but there are several other blog posts here that discuss ROFR.

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 Crown Castle Lease Questions and Answers.

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

  • Cell tower lease agreements
  • Selling Cell Tower Lease
  • 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
  • Lease Optimization Help
  • Lease Revenue Purchase
  • Transactional Coaching
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Atlas Tower
  • Phoenix Tower PTI
  • Vertical Bridge
  • Lendlease Towers, Md7
  • Tillman Infrastructure
  • Lyle Company, Black Dot
  • Everest Infrastructure

We'd Like To Hear From You.

(We value your privacy. Your information will never be shared with any third party.)
Contact Tower Genius

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

Please enter the word that you see below.