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?

Comments for Letter Agreement from Crown Castle International

Average Rating starstarstarstarstar

Click here to add your own comments

Jul 30, 2016
Rating
starstarstarstarstar 		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
Rating
starstarstarstarstar 		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

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Crown Castle Lease Questions and Answers.

Find out from Tower Genius how we help landlords and property owners in the USA  maximize cell site lease values and get the best possible terms for:

  • Cell tower lease agreements
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • Tower lease buyouts offers
  • Rooftop lease buyout offers
  • Rooftop cell site audits
  • Lease Agreement defaults
  • Cell tower valuations
  • Rent reduction solicitations
  • Lease Optimization Help
  • Lease Revenue Purchase
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Vertical Bridge
  • Lendlease Towers, Md7
  • Tillman Infrastructure
  • Lyle Company, Black Dot
  • Everest Infrastructure

We Would Like To Hear From You.

Cell-Tower-Leases.com
Contact Tower Genius
Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.