Letter Agreement from Crown Castle International

by Bee
(USA)

We are negotiating a letter agreement with Crown to add fifty years to the lease in order to extend it and also do a few other things. I have a deadline from them to sign or they will take away the bonus money of a few thousand dollars. If we miss the date will they give us an extension for the money?

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Jul 30, 2016
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Crown will give more than you think
by: Anonymous

Do not sign the extension without demanding a significant signing bonus. I have been going back and forth with them over an extension for 2 years. Have Tower Genius help you if you want to be happy long term with your agreement. They keep coming back with better offers every time i tell them no.

Editor's Note: 2 years? Sounds like you need to talk to them too :-)

Mar 03, 2016
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Crown letter agreement...
by: Stephen

I would strongly urge you not to sign the Letter Agreement with Crown until you've had an industry expert - namely us - review their proposal and review your lease and the actual cell tower location. It's almost never a good idea to give Crown a 50-year extension from a landlord's perspective. Of course they won't tell you that. Often times the "signing bonus" or "expedite fee" is the carrot that they dangle to get you to agree to extend the lease without a rent increase or other terms that you need. Give us a call to discuss.

Tower Genius
888-313-9750

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