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

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Jan 03, 2014
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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
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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.


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