Billboard Insider recently received a question from a reader that I bet many of you have experienced: An ooh company installs or buys a billboard and assumes an old survey is recorded…time goes by and the state highway department widens the highway and finds the sign partially in the existing right […]
A few weeks ago out of home leasing and development expert told our readers to be cautious about billboard lease escalator clauses. Trailhead Media Assistant Director of Real Estate agrees: From my experience, this is exactly where many OOH deals quietly go wrong. I’ve seen leases that looked completely reasonable […]
Today out of home leasing and development expert Andy Goodman of Age Advertising talks about when and how to approach a landlord to discuss rent. A mistake new billboard operators make is introducing rent too early in conversations with property owners. In practice, discussing money before establishing value and trust can shut […]
Today, out of home leasing and development expert Andy Goodman of Age Advertising discusses billboard lease escalator clauses. Ask a room full of industry veterans what a reasonable out of home lease escalator looks like, and you will get a range of answers—followed quickly by stories of deals that made […]
Neil Bell of New South Outdoor writes this in response to Billboard Insider readers want long term leases in order to put up billboards. Dave, I really appreciated the poll from this morning regarding lease term. I completely agree with most readers that long-term leases are a must if you’re […]
Billbaord Insider asked readers earlier this week what’s the minimum land lease term they’d accept if they were putting up a new billboard. This is a topic on which our readers feel strongly to judge from the huge number of responses. 85% of readers want to a landlease with a […]
Earlier this week Billboard Insider wrote that you don’t need a landlord’s consent to put a data collection device on a billboard if your lease allows you to add “other appurtenances and ancillary equipment” on the billboard. California out of home attorney Richard Hamlin writes that a court may not […]
Last Friday Billboard Insider reviewed a case in which a restrictive covenant in a 97 year old right of way agreement voided a billboard lease. Lots of comments. An out of home executive says the case highlights the need for a title search and research Adams could have done […]
A restrictive covenant in a 97 year old right of way agreement can invalidate a billboard lease. That’s the lesson of Glorycrest Carpenter Road v Adams Outdoor. Here are the facts In October 1927 a group of landowners conveyed a Release of Right of Way (“1927 Release”) to the State […]
Make billboard lease termination dependent on your opinion of economic feasibility. That’s the lesson of M-59 Joy vs Lamar Advertising. Here are the facts. In 2008, Lamar Advertising entered into leases for 2 billboards in Michigan on land owned by M-59 Joy, LLC. The leases had a 10 year terms […]
