Renegotiating Current Lease

by Ross
(Farmdale, Ohio, USA)

We leaseded our site back in 1999. Currently recieving 988.57/month. Never got any extra rent from the 3-4 additional venders they put on the tower. They have a 4G in place now and was wondering if there is a possible way to renegotiate with a retro-active clause.

Just curious.

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Dec 23, 2014
Retro-active lease rent recovery...
by: Tower Genius

You can't go back and "recover" rent unless you have a DeLorean time machine equipped with a flux capacitor and hit 88 miles per hour...

Sounds like the rent only included whatever the anchor tenant was paying and did not provide for any subleasing revenue for co-locating additional carriers. The best way to address this is to fix the lease and make sue that you a are receiving fair market value when it's time to extend and amend the lease.

What was the length of the original lease signed in 1999? Was it a 25 year deal or longer? If you only have 9 or 10 years remaining, you are in a good place since you have a loaded tower.

Give us a call at 888-313-9750 so we can review the physical location of the site and coverage area.

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