New lease

by Rose
(Philippines)

My father died and left me a parcel of land with a cell tower. The lease expires in two years. After the lessee was informed of my father's demise, they hold the rent payment and made a contract amendment which I signed so that the rent payment could be released. The lease is ten years and this is their second lease. When they first leased the land they gave my father two million pesos as a goodwill. The rent escalates at five percent every year. When the first lease contract expired they renew the lease but the rent payment is the same as when they started on the first month of their first contract ten years ago. Can I call for a new lease negotiation when the lease expires in two years even though I have not yet transferred the land title in my name ? Am I entitled to a goodwill?

Thank you,
Rose

Comments for New lease

Average Rating starstarstarstarstar

Click here to add your own comments

Apr 25, 2015
Rating
starstarstarstarstar
Not familiar with cell towers in Philippines
by: Stephen

We are not familiar with how things work in your country. If you inherited the land, then the lease should transfer over to you. You should provide documentation to the tower company that you now control the land, and they should be dealing directly with you.

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 Cell Tower Lease Rates.

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.

  

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


Like this page? Show us some Social Love. Here's how.

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.