Lease ending, not being renewed

by Steve
(Salt Lake City, Utah)

I have had a Cricket lease for the past 15 years and as expected after the AT&T acquisition, was just recently notified they will not be renewing the lease which expires in Oct 2015. The antennas are on top of a high tension power line pole owned by Rocky Mountain Power Company rather than on their own steel “tree”. The pole is on our property but obviously not ours or part of our lease. They build a very nice equipment building on our property, approximately the size of a freestanding 1 car garage. The land the building is on is what the lease is about of course.

AT&T and/or their affiliates are offering along with the notification that they are not renewing the lease in October a cash payoff of $8000.00 to leave the building on site and walk away without having to demo it and return the site to its original state. I believe the cost to demo and re-landscape could easily exceed this number due to the fact it is not readily accessible. They also said they would remove their radios and switching equipment from the building. Whether or not they would choose or be required to remove the antenna’s from the power pole I am not sure.

My questions are this: First and foremost, I would much rather keep the infrastructure in place and continue to lease it. Is it possible to find another carrier that would be interested in this already established set up? And secondly, if not, should I be negotiating with AT& T for more money on the walk-away or just take the offer and run?

Thanks in advance for any advice you may have,

Best regards,

Steve

Comments for Lease ending, not being renewed

Average Rating starstarstarstarstar

Click here to add your own comments

Mar 01, 2016
Rating
starstarstarstarstar 		Those Prefab Used Shelters are sold for $12,000
by: Anonymous

Do not let fear drive you to let go a thing of value: Those Prefab Used Shelters are sold for $12,000 retail... I have seen them used for all kinds of applications: Burried underground as a bomb shelter, storage, etc...
Jul 31, 2015
Rating
starstarstarstarstar 		lease ending
by: Anonymous

You should have a contract with at&t, if the contract is not renewed, yes to have a buy out or have them move the building and replace every thing the way it was, it will cost them more than $8000. Ask for more money to leave the building, unless you have a use for it.
Jul 30, 2015
Rating
starstarstarstarstar 		Recycle the equipment shelter
by: Stephen

Not much you can do. The pre-fab equipment shelter make good storage facilities or hunting cabins.

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 Cell Tower Leasing Discussion.

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
  • 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
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Vertical Bridge
  • Lendlease Towers, Md7
  • Tillman Infrastructure
  • Lyle Company, Black Dot
  • Everest Infrastructure

We Would Like To Hear From You.

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.