Renegotiating Lease

(Maine)

Our initial lease agreement (5 yrs) has recently expired. American Tower has exercised its option to renew the lease, but they are telling us that they will reduce the rent by 50%. Our other option is to take a buyout with a 99 year lease extension which is twice the original 8 five-year renewal options.
To date the site has only been able to entice one carrier (AT&T) but local rumor says T-Mobile has plans to buy in.
My sense is that American is holding all the cards and that we have little recourse but to accept one of the two offers on the table.

Our preference would be to continue receiving monthly payments, but with the drastic cuts proposed, this is less than attractive.
Can they do this?

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May 03, 2019
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Sounds like bully tactics
by: Stephen

50% rent reduction?

American Tower built many towers for AT&T in 2013 & 2014 where AT&T never actually installed their antennas. Sounds like one of those sites perhaps.

The problem is that if you did not negotiate the lease properly, American Tower may have the ability to leave the tower on your property if they terminate and you are stuck with removing it.

Does your lease say, Lessee MAY remove tower --- or does it say --- Lessee SHALL remove tower?

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