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?

Comments for Renegotiating Lease

Average Rating starstarstarstarstar

Click here to add your own comments

May 03, 2019
Rating
starstarstarstarstar 		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?

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 American Tower Lease Questions and Answers.

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.

  

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 30-Minute Discovery Call.

  • Cell tower lease agreements
  • Selling Cell Tower Lease
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • Tower lease buyout 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
  • SiriusXM
  • Crown Castle
  • American Tower
  • Atlas Tower
  • Phoenix Tower PTI
  • Vertical Bridge
  • SBA Communications
  • Tillman Infrastructure
  • Lyle Company, Black Dot, Md7
  • 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.