Tag: leases

The Perils of Development Clauses

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, […]

Preserving your OOH Company’s Liquidity

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 […]

Buying? Do Your Diligence!

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 […]

Scott Wells on Growth, Static Billboards, Digital Sign Pics and Lease Costs

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 […]

Relocation Clauses in Billboard Leases

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 […]

Billboard Legal: You Can’t Enforce An Illegal Lease

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 […]

Rothfelder On Billboard Leases And Disputes With Landlords

The IBOUSA Spring Conference is scheduled in Savannah, GA on May 8-10, 2019, and once again, Chris Cowlbeck and his staff have planned a fun and educational event. As usual, we can expect to see an outstanding mix of vendor tables, interesting seminars, networking opportunities, and fun dinners and other […]

Inflation and Out of Home Leases

Avoid lease inflators in excess of 1-2%/year or your cashflow margin will erode.  That’s the lesson of the chart below which compares US annual inflation with US out of home advertising growth since 2000. Inflation and out of home revenues increased 1.6%/year  and 1.2%/year, respectively since 2008. Inflation and out […]

Schenectady County Settles With Lamar

Insider reported in December 2016 that Lamar has sued Schenectady County, New York for $50,000 in compensation after the county terminated a billboard lease as part of a road widening project.  The County offered Lamar $25,000 for the billboard when it purchased the property.  Lamar countered at $82,638 and asked for […]