Negotiating a lease extension

by Kim
(Frenchtown NJ)

We are purchasing a 160 acre farm with a 200' monopole and lease that has 10 years left on it. The current owner will not allow any sublettors but we are willing to maximize our income. We are being asked to lower our monthly rate $268 to $2000 and include an option agreement for 1000 extra sq ft of ground space as well as extend for 30 years on top of the current lease. They are willing to pay a signing bonus but I'm nervous to sign something for 40 years if I don't know if that's the most I can get out of it. Is 40 years too long?

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Dec 02, 2014
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by: Tower Genius

The current owner of the farm won't allow subleasing or the cell tower company's lease provisions don't allow it? Sounds like Md7 handling a Crown lease, they usually try to knock the rent down.
Please call Tower Genius at 888-313-9750.

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