Renegotiation on a 16 year old T-mobile-lease

by David Ramirez
(Fontana, CA. USA)

I have cell tower on my property that was originally leased in 1995 for $420.00 per month. The contract calls for a 15% increase every five years. The current lease is now $637.00 per month. I have tried to renegotiate the original contract but each subsequent carrier (at least four, with current occupier being T-Mobile) has stated that the original contract is binding. The current market value for cell tower leases in my immediate area is approximately $2,000 per month. Would you be able to advise me on how I can approach the current carrier in regard to updating the original contract? Also, I believe there have been upgrades done to the tower without our knowledge. In addition, a cable television company (Time Warner Cable) is also using the site. There has been no compensation for the upgrades or from the cable company.

Any assistance you can render will be greatly appreciated.

Thank you

Comments for Renegotiation on a 16 year old T-mobile-lease

Average Rating starstarstarstarstar

Click here to add your own comments

Jan 03, 2014
Rating
starstarstarstarstar 		RE: Renegotiation on a existing contract
by: Anonymous

Its been a while on this thread but curious how this turned out?

I just purchased a building with a rooftop lease, which is pretty bare bones and at a skim rate, just curious on the end result here as I am trying to find a way to renegotiate my own lease...

Thanks.
Apr 20, 2011
Rating
starstarstarstarstar 		I think we can help.....
by: kevin - Tower Genius

David,

Give us a call. We do not charge you for an initial consultation. We have a few ideas that may help you and a few tricks to maximize your revenue on the site. Call us at 888-313-9750.

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 T-Mobile Cell Tower Lease Questions.

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
  • Lease Optimization Help
  • Lease Revenue Purchase
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Vertical Bridge
  • Lendlease Towers, Md7
  • Tillman Infrastructure
  • Lyle Company, Black Dot
  • Everest Infrastructure

We Would Like To Hear From You.
 

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.