You already know that land lease costs are critical to keeping your expenses in check. Trust me, your land lease costs are one of the first things that buyers will ask about your plant. So you always try to negotiate low land lease rates on new sign sites, but landowners […]
After our post yesterday on Lamar and Johnson City we heard from Richard Hamlin, partner in the Hamlin Cody Law Firm. Here are his thoughts. We had a client with a similar situation. The city acquired railroad right-of-way by deed in lieu of an eminent domain action. The city allowed […]
Richard Hamlin of the Hamlin Cody Law Firm comments on yesterday’s post on the perils of development clauses. By Richard Hamlin, rhamlin@hamlinlaw.com For the development clause, require objective evidence. That is, no take down without a permit for plans that show the board cannot remain. Even then, if the take […]
Many landlords ask for the right to terminate a billboard lease in the event that it interferes with the sale or development of a property. There are perils in broad development clauses That’s the lesson of Lamar vs By-Pass Partners. Here are the facts. In the late 1980’s Outdoor Communications, […]
Today’s podcast guest is Jennifer Sloane, an attorney with more than 20 years experience practicing out of home law. Here are her comments on 4 mistakes out of home companies make in leases, when you have a legal case against your regulatory authority and what the future is for out […]
Coronavirus is not a permanent state of affairs but you need to protect your liquidity for 30-60 days until shelter in place restrictions become less severe and the economy starts recovering. Some ideas. Put a spreadsheet together which monitors your lease costs versus revenues for individual signs. Ask landlords for […]
Insider saw an article this week that got us thinking about the normal diligence procedures we complete when approaching an acquisition those steps can include: Reviewing and verifying financial information and cash flows Verifying all significant contracts including leases and service contracts Reviewing the validity of permits Running UCC searches […]
Clear Channel Americas CEO Scott Wells had a wide-ranging interview at the Wells Fargo TMT conference yesterday. Some things Insider learned: On the current market It’s been a good market. If you look at our last twelve months through Q3 we’ve been growing a little less than 8% with the […]
By Michael Wardle, General Counsel for YESCO Outdoor Media Relocation clauses in billboard leases can make or break a location over the long-term. Careful planning at the outset of a billboard lease can create a win/win for both the landowner and the billboard owner if the site-specific relocation issues are […]
You can’t enforce terms of an illegal lease. That’s the lesson of Kunz dba Primark Outdoor v. Lobo Lodge. Here are the facts. In December 1990 Donrey Outdoor Advertising (“Donrey”) and Lobo Lodge, Inc (“Lobo Lodge”) entered into two ten year leases to permit Donrey to place billboards on land […]
