Jump to content

$100 tower lease


bosox801

Recommended Posts

Apparently tower lease agreements are extremely confidential.

According to Schmidt's database (of tower leases nationwide), the average tower lease in Utah is $1,072 per month. His records show that only one lease in Utah is less than $100 per month

So, tower leases are so "extremely confidential" that lawyers have a database of nearly every tower lease in the nation, including "steals" like Elna's that we're poorly negotiated.

 

:rolleyes:

 

Sweetheart tower leases individually negotiated like that may have some psuedo-confidentiality. But in general, site leasing companies are fairly open about things. American Tower, for instance, has been really upfront with me about sites and costs. (And what I would need to do to get the lower pricing they offer the Big 4 carriers)

Link to comment
Share on other sites

The only reason it keeps her up at night is because she's thinking about all the money she wishes they were paying her. If she inherited this property, at 100+ acres, you have to ask "what is the lease value of the acreage the tower is using?" Its clearly not stopping the majority of the land from being used for other purposes. Her brother, like many of us, may have been fond of the telecommunications company and saw $1200 a year as a win for him. Who knows. I'm less inclined to say it was greed at the time it was signed. Taking this to the media now reeks of desperation

 

Sent from my XT1096 using Tapatalk

  • Like 2
Link to comment
Share on other sites

You have to be an idiot to sign a lease in perpetuity.  Lessors should want as short of a term as possible to guarantee their ability to reevaluate the market as often as possible.  And lessees should want one as long as possible if they get great terms.  Her brother was a complete idiot.
 

Tony: It's no use, the man is a complete idiot.
Village Idiot: If only! Now my father, he was a *complete* idiot. I'm still a half-wit.

  • Like 5
Link to comment
Share on other sites

IIRC there are or at least were limits on 'in perpetuity' contracts and clauses.

 

At the end of the day theres little recourse beyond hiring a fine lawyer and chasing them over it being a grossly unbalanced contract although that only normally works if one party is in a position to exert undue influence to extract unfair clauses. If someone really did sign a lease for a long term without increments etc and was under no pressure to do so then it's just idiot tax. Unless the law has changed, if it is in perpetuity then it should be limited to X (maybe 20) years after the death of the person signing it.

 

As this is the land of the lawsuit : I am not a lawyer and this does not constitute legal advice nor am I entering into any kind of client attorney relationship with anyone.

Link to comment
Share on other sites

You have to be an idiot to sign a lease in perpetuity.  Lessors should want as short of a term as possible to guarantee their ability to reevaluate the market as often as possible.  And lessees should want one as long as possible if they get great terms.  Her brother was a complete idiot.

 

I actually support the broadcast company on this. 100 dollars a month was a premium 34 years ago. Its not their fault that the owner was dumb enough to sign a perpetual contract. The land owners only recourse is arguing that there should be a perpetual agreement is not an agreement in good faith and that there should be a time limit on it. Unfortunately, I think that if a limit is placed on it it would end up being 99 years. Any lawyers out there?

Link to comment
Share on other sites

IIRC there are or at least were limits on 'in perpetuity' contracts and clauses.

 

At the end of the day theres little recourse beyond hiring a fine lawyer and chasing them over it being a grossly unbalanced contract although that only normally works if one party is in a position to exert undue influence to extract unfair clauses. If someone really did sign a lease for a long term without increments etc and was under no pressure to do so then it's just idiot tax. Unless the law has changed, if it is in perpetuity then it should be limited to X (maybe 20) years after the death of the person signing it.

 

As this is the land of the lawsuit : I am not a lawyer and this does not constitute legal advice nor am I entering into any kind of client attorney relationship with anyone.

 

 

Its the rule against perpetuities, all interests must vest if at all within 21 years of the end of a life in being at the time the interest was created.

 

*I am not a lawyer I failed the bar exam, this should not be construed to be legal advice for your particular situation. Please consult your own attorney.

 

http://en.wikipedia.org/wiki/Illustrations_of_the_rule_against_perpetuities

  • Like 3
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • large.unreadcontent.png.6ef00db54e758d06

  • gallery_1_23_9202.png

  • Posts

    • Was able to install the March 1 Android security patch. Seems slightly more accurate with 5g ca band id, but can not swear by it. Updated google play system update through the software information screen to March 1. *#73# still works. Froze updates waiting on SCP update beta to fix n41 showing as n38.
    • Just installed it. Thanks for the info.  71 mb mar 1st date.
    • There's a permit for a new 47 story building at 205 Montague St in Downtown Brooklyn. The problem is that  T-Mobile eNB 48352 is on the building next door and this new building will block two out of 3 sectors of the site. For reference, the new building will be roughly as tall as 16 Court St which is right across the street. This site is the primary site covering Cadman Plaza so I wonder what the plan is. Will they just try to change sector placement, move to a different building, or will this just speed up the conversion of the Sprint site at 25 Monroe Place?
    • At least not recently.  I think I might have seen this a year ago.  Not Sure.
    • Did they previously hop between n38 and n41 in prior version of SCP, or have you always seen n41 displayed properly?
  • Recently Browsing

    • No registered users viewing this page.
×
×
  • Create New...