Lease Amendment - Crown - ROFR - Length of Extension

Currently we have a cell tower lease that has options for renewal until 2035 with Crown Castle. They are coming to us requesting that we extend their lease with 5 year options until 2060 and a right of first refusal should we wish to sell. They are offering a one time payment of $4,000 for us to sign this "Letter Agreement". Is this a reasonable offer or do you believe we request more? How much more?

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Apr 25, 2015
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Bad deal for you, great deal for them.
by: Tower Genius

Don't do it. They have plenty of time left on the deal. Twenty years is enough. If you have any questions about their ROFR right of first refusal, please give us a ring, we can explain it to you but there are several other blog posts here that discuss ROFR.

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