Recording a lease is the best way to notify potential landowners of your billboard lease. But PSK LLC v Legacy Outdoor Advertising demonstrates that a billboard company can successfully defend its claims without a recorded lease. Here are the facts. Jerry and Gaylene Arent erected a billboard on their property […]
Lease terms can impact the value of just compensation. That’s the lesson of Dept of Transportation versus Adams outdoor Advertising of Charlotte. Here are the facts: In October 2001 Adams outdoor acquired a billboard in Charlotte, North Carolina. In 2006 the lease expired and Adams Outdoor negotiated a new lease […]
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 […]
