I have a tower on my property and the lease has 9 more years on it. The tower company wants a 30 year extension now to help entice more tenants. There is one tenant on the tower(one of the bigger cell phone carriers).

They always want to buy the paper($115000) instead of paying a monthly rent.....which I'm not really interested in.

They are going to propose:


A 30 year extension.

An agreed increase in the monthly amount starting in nine years.

A 3% increase per year in the monthly amount starting immediately.

A $5000 signing bonus paid immediately.

Anybody got any insight on what a fair monthly rent should be?

This crowd is from Miami and are fast talkers.


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