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 […]
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 […]
Billboard Insider recently watched a November 19, 2024 Lexington County Zoning Appeals board meeting in which Lamar unsuccessfully tried to prevent Grace Outdoor from putting up a billboard after the landlord terminated a Lamar billboard lease. It’s a complicated case which begins at 20:54 of the recording but what caught […]
Reps and warranties matter when you sell out of home assets. That’s the lesson of Landmark Infrastructure vs R.E.D. Investments. Here are the facts. Landmark Infrastructure paid $902,358 for the right to receive rent under a billboard lease with a 99 year easement on property owned by R.E.D. Paragraph […]
A lease may be binding even if both parties haven’t signed it. That’s the surprising conclusion of Rode Oil Company v Outdoor Communications, Inc. Here are the facts. In June 1995 Rode Oil Company signed a lease with Outdoor Communications. The lease began: “RODE OIL CO. INC. as Lessor hereby […]
This week out of home leasing and development expert, Andy Goodman, reviews miscellaneous clauses in an out of home lease. Andy’s comments are in italics. Miscellaneous: In the event of litigation between Lessor and Lessee predicated upon this Lease Agreement, the prevailing party shall be entitled to recover its reasonable attorneys’ […]
Today out of home leasing and development expert Andy Goodman discusses the pros and cons of recording a memorandum of lease versus recording a lease. We’ve presented standard lease recording language below with Andy’s comments are in italics. Memorandum of Lease: Lessor agrees that this Lease Agreement may be recorded. […]
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 […]
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 _________ […]
