Today out of home leasing and development expert Andy Goodman analyzes right of first refusal language and notice language in an out of home lease. Andy’s comments are in italics following the lease language. Right of First Refusal: If, during the term of the Lease Agreement (including any extensions or renewals […]
A Billboard Insider reader asks: We installed a digital billboard. The traffic travels east and west in front of the digital billboard on a freeway. Two buildings were constructed along the freeway. The city required the building owners to plant a greenbelt of trees which will block our digital. Is there […]
Out of home leasing and development expert Andy Goodman comments on the indemnification and assignment clauses in a standard out of home lease. Andy’s comments are in italics. Indemnification: Lessee shall indemnify and hold Lessor harmless from all injuries to the Property or third person caused by Lessee, Lessee’s employees, agents, […]
Today out of home leasing and development expert Andy Goodman comments on the standard cancellation language in many out of home leases. We’ve presented the language below. Andy’s comments are in italics. Cancellation: If, in Lessee’s sole opinion: a) the view of the advertising copy on any Structure becomes obstructed; b) […]
Today out of home leasing and development expert Andy Goodman evaluates the representations language of a typical out of home advertising lease. Andy’s comments are in italics. Representations: Lessor represents that it is the owner or the authorized agent of the owner of the Property and has full authority to […]
Landlords sometimes argue that a billboard structure is theirs at expiry of a lease. Today out of home leasing and development expert analyzes how the structures section of an out of home lease can protect your company and minimize costs if the billboard lease is terminated and the structure must […]
Today out of home leasing and development expert Andy Goodman reviews and comments on a rent section in an out of home lease. Rent: Rent shall commence on the later of completion of the Structure or commencement of the term and shall be the amount of $_________________ payable __________________________________. This rent […]
Lamar Advertising is proposing a digital billboard in Aurora Colorado, a city which doesn’t allow new billboards. Lamar real estate manager Steve Cecil and Territory Manager Brent Window made an info-only presentation at February 8, 2023 Aurora City Council planning and economic development committee meeting about leasing city land for […]
My partners Chris and Mike and I are often asked about the situation where a client secures a permit to erect new sign at a conforming site, but he doesn’t build the sign or otherwise finish the work before the permit expires. Then, when the client attempts to renew the […]
Billboard Insider asked out of home leasing and development expert Andy Goodman to review and comment on a standard out of home advertising lease. Today he looks at the Term Section. Andy’s comments are in italics. Term: This lease if for a term of ten (10) years, commencing on the _________ […]
