Crown offering to enter a revenue sharing agreement 25% Landlord and 75% Crown, extend the lease 35 more years and landlord continues to receive original rent from existing lease for the next 55 years with 15% increase every 5 years.
The location of the tower and the missing pieces of the puzzle are important. How are the current tenants covering the site, and who is the carrier who is not utilizing the tower already? The values of these are always site specific and there is no cookie cutter solution or answer.
Let's take a look.
Tower Genius 888-313-9750
Apr 23, 2014 Rating
15% increase by: Anonymous
The increases should be annual. (It's like compound interest.) Each year you get an increase, the next years increase is then determining the new increase amount in dollars. It's like turning down compound interest on a savings account. Very Costly.
Or do the math. An amortization table in a sense.
Plus, the lease buyers will devalue a lease that does not have an annual increase if you ever decide to sell your lease portion (%).
Or they may cancel your lease before 5 years. Or cry about a discount.......ect.
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