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 […]
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 […]
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 […]
Sometimes leases require a billboard to be removed within a certain period of time if a property is sold and the new owner wishes to terminate the lease. Sign Ad v Triple O Investments demonstrates that you need to honor that clause if you wish to salvage your board in […]
Outdoor land leases and easements are long term agreements. Landowners have a way of forgetting exactly what’s in a lease or easement agreement with the passage of time. Pocono Realty v Lamar demonstrates how a well written easement can protect you when your landlord has a fuzzy memory. In 1998 […]
Insider has several outdoor clients who have railroad leases, that is, leases for billboards which are located in railroad rights of way. Here are the advantages of railroad leases. Easy access. Most railroad sites are easy to access and build because the ground is cleared and vegetation free. Great locations. […]
A Landmark rep called Insider last week to see if he had any outdoor leases to sell. Here’s what Insider learned from the conversation. Landmark wants to see minimum monthly sign rent of $300/month. Landmark is willing to pay up to 10-10.5 times annual rent for leases which have an […]
Insider and Herb Stark of Stark Outdoor were talking yesterday about annual rent inflators and leases. Many landlords will push for an annual rent increase or a rent increase every five years in exchange for entering into a long term lease. Here’s a table showing US inflation rates by decade […]
