Think you can write a lease with a tribe and be done with it? Not so fast, especially if the tribe hasn’t qualified under the Hearth Act. The Hearth Act is a federal law passed in 2012 which allows Indian tribes to write business leases for a primary term of […]
AGE Advertising President Andy Goodman has 33 years experience siting and developing billboards. We asked him what’s in a good lease. 4 things in a good out of home lease (1). Amounts paid monthly rather than annually. I think it’s easier to negotiate with a property owner to pay them […]
Good riddance to 2020, which will likely be remembered as the Year of Covid, along with the economic downturn, racial and social tensions, political upheaval, and other challenges sparked by the pandemic. Indeed, my first two legal predictions for the outdoor advertising industry in 2021 are also largely influenced by […]
Never give your landlord the right to buy a billboard at replacement cost. That’s the lesson of Buffalo Ridge Corp v Lamar Advertising. Here are the facts. In 2001 Flynn Advertising contracted with Buffalo Ridge Corporation to lease real property along I-90 near Sioux Falls to construct some billboards. The […]
Landmark Infrastructure Partners LP reported financial results for the second quarter of 2019. Here’s an update on Landmark’s out of home portfolio. Revenues and Net income from Outdoor Advertising totaled $5.2 million and $4.0 million respectively for the three months ended June 30, 2019. Out of home revenues accounted for […]
If an ad is posted, you have to pay for it. That’s the lesson of Superior Outdoor Advertising Company v Snadon. Here are the facts. Gary Snadon dba Shepherd of the Hill Historical Society (“Shepherd of the Hills”) entered into a three year contract to rent 4 billboards from Superior […]
Landmark Infrastructure is a publicly traded REIT which buys out of home easements and leases. Here are five things Insider learned from reading Landmark’s 2018 10k and February 2019 Investor Presentation. A growing out of home portfolio The number of Landmark owned out of home sites grew 24% during 2018 […]
What happens when a landlord asks for a 25 times increase in the rent and then doesn’t bother to evict a billboard company tenant for 10 years? Cecil v Viacom answers that question. Here are the facts: On September 15, 1991, Viacom entered into a three year ground lease with […]
Last week Insider published an article by Richard Rothfelder titled “Make Lease Renewal Clauses Consistent.“ Rothfelder has litigated a lots of issues over lease renewal rights, including those that afford the right of the lessee/billboard company to renew the lease on like terms at their sole discretion. We’re reprinting below […]
By Richard Rothfelder, Rothfelder and Falick Make sure your billboard lease renewal clauses are consistent. Sometimes one clause in a lease can seem at odds with another. That’s the lesson of Randol v Drury Southwest Signs. Here are the facts. Chester and Dorothy Gereckes signed a lease with Drury Southwest […]
