Lease/Permanent Easement


#1

Frank:

I have a billboard with a long term lease and it’s a straight revenue share. I have good relationship with the owner and he intends to sell the property which has a mortgage. The owner is willing to do whatever is most advantageous for me prior to selling. In your opinion what should I do prior to the sale of the property to make my terms even more advantageous? Let me know, thanks.


#2

Take out any “cancellation” provision, and extend the lease to as many years as you possibly can.


#3

Thanks so as opposed to a permanent easement just make the lease 99 years. I just thought if I could get the easement for a reasonable amount of money it would make more sense and therefore I would have to no longer pay ground rent. Let me know, thanks.