New Lease & Lease Renewal Negotiations
Telecommunications tenure agreements are unique and the true effect of their provisions are not widely understood by those outside the industry. Whether you have been approached by a carrier for a new facility, or existing facility, it is imperative that you seek specialised advice.
Our extensive market knowledge means we can ensure that you receive the maximum commercial return and that your revenue is not eroded by future unforeseen events and that your ability to deal with your property is not unnecessarily restricted.
Where a carrier wishes to vary the terms of any existing agreement to install additional equipment increasing the area that the carrier occupies, this may trigger a surrender and re-grant and a renegotiation of the commercial terms.
The installation of a telecommunications site on, or within, a property involves significant works and equipment. After a carrier vacates a site, it is imperative that owners enforce 'make good' obligations upon carriers to ensure their asset is returned to its original state and not compromised.
Understanding exactly what a carrier is proposing and how the 'up-grade' will further impact your property is essential in increasing or protecting your commercial return.