My family owns a piece of property in Tennessee with a three face sign. The lease is currently up for renewal, and I am interested in trying to buy the sign and take over the permit. I assume the likelyhood of being able to buy the structure and permit at a reasonable price is relatively low. I was told that if the lease is terminated, the company that owns the sign would likely continue to renew the permit until they secured another permit “close by”. Is this possible and legal? Assuming the sign grosses $12,000 to $15,000 per year, what would be a reasonable price to pay?