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
Rating
starstarstarstar 		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.

Cell-Tower-Leases.com
Contact Tower Genius
Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.

  

Tower Genius is USA's Premier Cell Tower Lease Coaching and Consulting Firm. Find out how we help landlords and property owners in the USA maximize cell site lease values and get the best possible terms. Book a 30-minute discovery consulting call with Kevin or Steve Today.

Click Here To Schedule A 30-Minute Discovery Call.

  • Cell tower lease agreements
  • Selling Cell Tower Lease
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • Tower lease buyout 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
  • DISH Wireless
  • US Cellular
  • SiriusXM
  • Crown Castle
  • American Tower
  • Atlas Tower
  • Phoenix Tower PTI
  • Vertical Bridge
  • SBA Communications
  • Tillman Infrastructure
  • Lyle Company, Black Dot, Md7
  • Everest Infrastructure


Like this page? Show us some Social Love. Here's how.

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.