renegotiating lease in caribbean

Hi there,
I was given a parcel of land by my father a few years back. He had entered into a 10 yr lease with the major phone co. here in the island in 2003 for a cell phone tower on said land.
Since then, my father has passed and the land is now under my management/ownership and I have built a home behind the cell phone tower (perhaps about 250 yards away) - it was the best spot.
I am having difficulty wording a letter requesting a raise in the lease arrangement and don't necessarily want to go the legal route. What really changes the situation is (a) the proximity of my house to the tower and issue of land undergoing change of use by me, the owner (b) fact that the current value of the dollar does considerably less than it did in 2003 and (c) the fact that the phone co. were supposed to send me a renewal 6 months before the termination of the lease i.e 6 months prior to Jan 10th, 2013 and they have not uttered a word.
Not sure of what my approach should be but I would like a considerable raise in rent.

Comments for renegotiating lease in caribbean

Average Rating starstarstarstarstar

Click here to add your own comments

Feb 18, 2014
Rating
starstarstarstarstar
Call us ASAP....
by: Sean (Tower Genius)

We need to see your lease to see what the terms are. Unless there is a provision for increases you will not be entitled to them. The good news is we are usually able to find issues at the site that identify other areas of non-compliance with the agreement and can sometimes use that to leverage the carrier back to the bargaining tower. Call us as out initial consultation is free.

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 Leasing Discussion.

Find out from Tower Genius how we help landlords and property owners in the USA  maximize cell site lease values and get the best possible terms for:

  • Cell tower lease agreements
  • 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
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Vertical Bridge
  • Lendlease Towers
  • Tillman Infrastructure

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.