Consent to sublease, subsequent leaseback

by Mike
(Idaho)

I have a tower on my property that was originally owned by Verizon, now managed/owned/operated, whatever by American tower. I have received numerous letters and phone calls requesting the consent to sublease with a leaseback, verbiage that makes little sense to me. I have not signed it. They are also requesting a lease extension although we're only 5 years into the lease. Also my lease has verbiage in it regarding future subtenants and my right to negotiate with them separately for access to the site, American tower claims this could hurt the appeal of prospective future tenants and they would like to amend the lease to a fixed percentage. They are asking for a lot and not offering much. I'm also being told by not signing the consent or the lease extension that it makes my site less appealing to future tenants. I have told them multiple times that I'm not interested however they keep coming back. I don't really know what to do at this point???

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Oct 09, 2016
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by: Stephen

It makes no sense not to give them consent. It's not "allowing them to sublease" but allowing American Tower to manage the site. Call me, I am also in Idaho this is a common situation.

Steve
888-313-9750

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