lease re-negotiation

by kc
(Tampa, FL)

I have a 12 year old, 150′, mono pole tower on my land. American tower bought the tower about 3 years ago from GTP. There are 5 carriers on the tower, including Sprint, T-mobile, Verizon. Clear wire is going off the tower soon. American tower calls constantly asking me to extend the lease, with a re-signing bonus. 5 to 10 other companies have contacted me over the past 2-3 years to buy me out. I have a 3% escalation clause in my lease and have been getting additional money for the carriers over the 1st one. What are some of my options, and what do you charge to negotiate a renewal lease? Sincerely, KC

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Jul 15, 2016
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Lets take a look at the lease.
by: Stephen

KC... thanks for the posted question. This is a big money maker for American Tower. So in the event it's not been paying fair market value it's probably worth taking a look at the lease and making the corrections that you need to get you what you need and to get American Tower what they need. Depending on the time remaining on the lease American Tower may or may not be overly eager to get this done.

Please call us to discuss. I don't our fees but I will tell you right away what they are. Not like some of the clowns that I compete with in our industry.

Steve
888-313-9750

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