Lease extension with 22 years left on the lease

by Joe

I have an AMT lease with 22 years left on the lease. The original lease was 5 years with 5 five year options so 30 year tie up. I get 3% rent bumps per year. AMT contacted me to ask to extend the lease for another 35 years. They offered a $5,000 lease extension bonus. I am not inclined to do Need to do anything but they keep hounding me. If I do anything I thought I would offer them an additional 10-15 years with a $200/month increase in the rent and a $25,000 extension fee. Thoughts?

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Mar 02, 2017
Joe - too much time
by: Stephen

Joe they aren't going to bump up your rent with 22 years remaining unless you have pictures of their CEO at last year's holiday party.

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