Why should I consider extending my lease if I still have 10 years left on the current agreement?
During these uncertain economic times, it’s comforting to be able to lock in a steady stream of income for 30 years. Imagine how your long-term security may be improved by receiving a steady monthly check.
When is the best time to consider extending my lease?
If your ground lease has less than 30 years remaining, you should consider discussing a lease extension with Crown Castle. By adding more years to your lease, you are maximizing the opportunity for Crown Castle’s tower site to attract new customers and remain a viable asset in Crown Castle’s portfolio.
A lease extension can be an important aspect of securing your future revenue stream.
What should I do when a third party contacts me regarding taking over my lease when the current agreement with Crown Castle expires?
You should first ask yourself whether or not this company will be around in future years. Smaller, third party firms may not have the long-term viability of a larger, more established firm like Crown Castle. So, it is important to consider whether the company will be in business long enough to fulfill their obligations to you.
Are there any incremental benefits to extending my lease?
We encourage landowners to contact us if their lease is 30 years or less so we can discuss the best way for you to secure your current existing rental streams prior to lease expiration.
What is a ROFR and why does Crown Castle encourage them?
ROFR stands for Rights of First Refusal. This document (or lease provision) basically says that if you ever want to sell your property, you will notify us first, and we will have the right to match any offer.
A ROFR protects both of us. It gives us the confidence to tell our customers we’ll be in that location as long as necessary, and it gives you the financial security that comes from a reliable revenue stream.
Gordon & Nellie Apperson
"It has been a pleasure doing business with Crown Castle. We would like to thank you for all your efforts."