Tower Renewal

by Mario
(Ontario Canada)

I have been renting space to a phone company for the last 19 years. Yesterday I received a letter in the mail that addresses the discussion or a renewal.
For the last 19 years, we received less than 6,741.00 per year. We have decided to increase the lease to 30,000.00 per year based on a tower approximately 15 miles away making that amount.
This tower is in Canada, and we are getting paid in Canadian dollars. Is 30k per year a ridiculous amount to be asking for?

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Aug 05, 2018
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by: Stephen

Mario, is it worth encumbering your property for less than $7,000 per year?

It's hard to evaluate an apples to apples comparison with a tower that is 15 miles away without knowing if the tenant is identical and they provide similar coverage and generate the same revenue for the tower owner.

Please fill out a contact form on our site and provide us with as much information as you can so we can take a look.

thanks!

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