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.

Comments for Renegotiating Current Lease

Average Rating starstarstarstar

Click here to add your own comments

Dec 23, 2014
Rating
starstarstarstar 		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.

Tower Genius

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 Sprint Lease Agreement Questions.

Tower Genius is USA's Premier Cell Tower Lease Coaching and Consulting Firm. Find out how we help landlords and property owners in the USA maximize cell site lease values and get the best possible terms. Book a 30-minute discovery consulting call with Kevin or Steve Today.

Click Here To Schedule A Call.

  • Cell tower lease agreements
  • Selling Cell Tower Lease
  • 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
  • Transactional Coaching
  • Verizon Wireless 
  • AT&T
  • T-Mobile - Sprint
  • DISH Wireless
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Atlas Tower
  • Phoenix Tower PTI
  • Vertical Bridge
  • Lendlease Towers, Md7
  • Tillman Infrastructure
  • Lyle Company, Black Dot
  • 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.