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.
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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Do Not Get Burned On Cell Tower Leases in 2023, Tower Genius, The Premier Wireless Consultant in America, Has Helped Hundreds Of Landlords Get Great Deals.
Cell Tower Leases consulting firm Tower Genius has helped countless property owners with their wireless contracts.
Do Not Get Burned On Cell Tower Leases in 2023, Tower Genius, The Premier Wireless Consultant in America, Has Helped Hundreds Of Landlords Get Great Deals.