Lease Extension by American Tower

I had a lease with Verizon for a tower site on my land. It is a 30 year lease with 24 years remaining. It was purchased recently by American Tower.
Today I received a call from American Tower requesting an extension to the lease for another 30 years in hopes of improving their ability to acquire additional tenants.

The initial proposal was to simply extend the existing lease along with the terms of the original lease. I asked about the possibility of revenue sharing and was told they did not do that.
Given this is a new situation with American Tower vs. Verizon, I am hoping there will be some additional value for me by committing to the lease extension.

Have you had experience with American Tower on this type of issue and what my chances of reopening the lease terms?

Also, if you can provide comparative data on lease rates for this type of installation it would be appreciated.

Gary

Comments for Lease Extension by American Tower

Average Rating

Click here to add your own comments

Nov 17, 2015
Rating

They have plenty of time left on their lease.
by: Tower Genius

Gary, with 24 years remaining on their lease, American Tower is not going to do much serious negotiating with you, they are just fishing to see if you will take the bait.

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.

First Name*

Last Name*

Email*

Phone*

Cell Site Street Address*

Cell Site City*

Cell Site State*

Type of Lease*

Service Needed*

How Can We Help*

Privacy*

	I am at least 16 years of age.
	I have read and accept the privacy policy.
	I understand that you will use my information to contact me or send me the information I requested.

Please enter the word that you see below.

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 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

Share this page:

What’s this?

Facebook X Pinterest Tumblr Reddit WhatsApp

Like this page? Show us some Social Love. Here's how.

Would you prefer to share this page with others by linking to it?

Click on the HTML link code below.
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.