Rent Sharing

by Gail
(Pennsylvania)

We have a tower lease that has multiple subleases. Our Master lease provides for 50% rent sharing for all rents collected by the tenant pursuant to any sublease, tenant shall share the rents collected by each sublease in equal shares with Landlord, less any such actual costs of legal fees, court costs or collection agency fees.

Each of the subleases contain one paragraph that states rental and another that provides an additional monthly amount attributed to either a rental sharing reimbursement or a pass through fee. My view is that it doesn't matter what you call it, they are collecting a rental for the property and should be sharing equally with landlord in accordance with the master lease. If not, what would prevent the tenant from stating the rent for subleases at a below market rate and raising "pass-through". rental reimbursement or other such fees thus not paying its fair share to the Lessor of the Master lease?

Is this an accurate interpretation?

Comments for Rent Sharing

Average Rating starstarstarstar

Click here to add your own comments

Apr 25, 2015
Rating
starstarstarstar 		Cell tower attorneys... not good for much but still a good source of protein.
by: Anonymous

Who is the Lessee / Tenant?

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 Lease Rates.

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.