I have a 25 yr lease with crown castle. Down to the last 9 yr period. Crown castle for two years wanted a 25 yr extention or buy out at 275 thousand dollars. Currently after 16 yr. we get 1,500 monthly with 15% increase every five yr. They lease land space of 6 thousand sq feet. They have a large tower on the property.I do not know who is on the tower other than sprint. They never disclose information. Sprint did lots of upgrades a few yr ago. Personally I do not think I gave them an easement to the site in the original agreement. To extend the lease they just want to give me a 20% increase.
Comments for lease extention with crown castle and sprint
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