I now have a 25 year lease with american tower, they want me to sign for an extra twenty five years, makiing it a 50 year term, seems rather long to me.
Many times American Tower utilizes a firm called Lyle Company to extend their leases, and the towers they generally target for extension are the ones that are already receiving lower rents and have more than 15+ years , or at least that has been our experience. Maybe you are talking to them, but regardless of who you are talking to, often times a very large carrot is dangled in front of the landlord. Just a word of caution, if you extend your lease for 50 years, your grandchildren will be the ones renegotiating it when they start getting AARP letters, and if you fudge something up in the lease, you will have to live with it for a very long time.
Call us, we can usually determine very quickly if American Tower is serious or just on a fishing expedition.
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