Lease extension

by Linda
(Oxford, MS, USA)

My family owns property in Northeast Mississippi on which SBA owns a cell tower. They have requested a 30 year extension of their lease on the property. When I told them that our rate was not competitive with other rural leases and that I did not like the five year rate escalation, they immediately responded with a 35% increase in the base rent, a $4000 signing bonus, and an annual 3% escalation rate. This makes me think the tower is worth more than I am aware. How do I value the tower property? And should I ask for a greater increase in the base rent?

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Apr 19, 2017
Couple of questions...
by: Stephen

How much time is left on the lease until the final expiration date?

How large is the leased area? 100' x 100' ?

Do they have the right to sublease?

Please call me.

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