Sublease renewal and increase in compensation per industry guideline
A utility company has an existing utility easement across our property. The easement conveyed to them did not grant them the right to sublease for communication equipment. We negotiated a 20 year agreement with the right for use to increase fee each 5 year renewal period and 2% annually. We based the first five years on a fair market value appraisal. Now we want to increase the second five years. What do we use to guide our terms for increase? How much is fair per the industry standards?
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