We have 14 years left on the first 25 year lease. They want to add 25 more years for an expedite fee of $15,000. We receive about $900 monthly with a 15% increase every 5 years. Is this a fair amount?
Comments for Lease Amendment Negotiation from Crown Castle
14 years remaining with Crown on lease... by: Tower Genius
Cindy, we need to see a few things, like the location of your tower, how many tenants Crown currently has, the size of their leased space, the language and terms they want you to agree to for the lease extension and signing bonus. Doesn't sound like they are offering a rent increase. Sometimes crown is on a fishing expedition and sometimes they have a carrier waiting in the shadows, and sometimes they just want to get the additional time on the back end to keep their tenants happy. Although a $15K expedite fee may sound like a nice thing, don't shoot yourself in the foot over it. Please call us so we can look the site over and let you know what we think it's worth. $900/month could be okay if there are more cows than people in the coverage area, but we need more information.
Like this page? Show us some Social Love. Here's how.
Would you prefer to share this page with others by linking to it?
Click on the HTML link code below.
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.
Do Not Get Burned On Cell Tower Leases in 2023, Tower Genius, The Premier Wireless Consultant in America, Has Helped Hundreds Of Landlords Get Great Deals.
Do Not Get Burned On Cell Tower Leases in 2023, Tower Genius, The Premier Wireless Consultant in America, Has Helped Hundreds Of Landlords Get Great Deals.
Like a review of rental rates for West Palm Beach high rise.