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Topic: Rooftop Lease for Data Node
Lease amounts depend on what they are installing and how much space it takes up. It can also depend on the time of year ( early in their budget year they have more money to spend), as well as how many other locations near you they can consider as options.
- Most agreements will be for 20 years (and the "Out Clause" is one sided - they can terminate, but you cant)
- Make sure they have yearly increase in the "rent".
- Make sure that they pay for any power they use (it is better if they have a separate meter installed
- Make sure you are ok with how the aesthetics of the building will change and see how they can minimize this in the design
- Make sure the antennas are not over any pool or playground or other common area as you will get a lot of complaints from your residents about being "microwaved"
- They will require 24 hour unfettered access - they dont want to have to wait for you to let them into the building if they have a service problem.
- Don't allow them to sublease without you getting a piece of the sublet.
I hope this helps.
Posted 8 years 6 months ago