I am getting ready to send initial letters out to landowners and I want to be prepared (as much as I can) if they call me asking for more information. My strategy is to flip the lease to a billboard company once I have a signed agreement and approved permits. I have listed a few questions down below that I think a landowner would inquire about. Please add to any other questions that you think a landowner would ask. If anyone has answers to any of these questions that would be a huge help too.
-How long will it take to construct a billboard? Their daily operations may be affected when the construction of the billboard is taking place.
-Generally, does the landowner start collecting ground rent once the sign is erected or once the sign has been rented?
-What happens to the lease if they decide to sell their property?
-Will the construction of the billboard affect any underground piping that is already there?
-When a new customer rents the sign, does the billboard company come out and change the sign? How long does that take and will that affect normal business operations?
-How does a billboard affect the landowner’s insurance and taxes?
-What happens if the billboard damages the landowner’s property (for instance, a big storm knocks the billboard down on top of landowner’s building)?