You can recover legal fees to defend your lease rights if your lease says so. That’s the lesson on Lamar Advertising Southwest, Inc “Lamar” v Grandview Realty, LLC “Grandview” Here are the facts. Lamar had a three year lease for four billboard structures on property owned by Grandview. The lease […]
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 […]
You can’t prevent an out of home company from removing a sign and then claim it’s yours because it hasn’t been removed. That’s the lesson of Clear Channel Outdoor vs Karkif I . Here are the facts. In 2019 Clear Channel Outdoor entered into a five year billboard lease with […]
Can a billboard easement and lease survive a tax sale challenge? Yes, according to 3018 Pershall, LLC. vs Outfront Media, LLC. Here are the facts. In 1990 National Advertising signed a billboard lease on land near I-270 in St Louis. Outfront acquired National advertising in 1997 and entered into a […]
When you put up a new billboard you always want the longest possible lease for the ground the billboard sits on. A long lease gives you a good planning horizon and insures you’ll recover your investment and maximizes the value of the billboard when you want to sell. Landlords, on […]
Relocation expenses are one thing and just compensation is another. That’s the lesson of Lamar vs Country Side Restaurant, Inc. Here are the facts. Country Side Restaurants, Inc. (“Country Side”) owned a 76,000 square foot parcel of land. It leased a portion of the land to Lamar to construct […]
A judicial tax foreclosure may extinguish an out of home lease but can’t extinguish an out of home easement. That’s the lesson of OUTFRONT Media vs CHHC, Inc. and Five Star Outdoor, LLC. Here are the facts. Eastside Outdoor, LLC. (“Eastside”) entered into a lease agreement with CBS Outdoor to […]
Out of home leases have an implied duty of good faith and fair dealing. That’s the lesson of Stephan Business Enterprises vs Lamar. Here are the facts. Foster and Kleiser entered into a lease to put a billboard on property in Cincinnati, Ohio owned by Howard Schwartz. The lease contained […]
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 […]
An ad contract is binding on you as well as your out of home client. That’s the lesson of National Advertising vs Wilson Auto Parts. Here are the facts. In April 1985 Wilson Auto Parts (“Wilson”) signed a 3 year contract to advertise on a 12′ by 36′ billboard owned […]
