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 […]
