Three factors must be considered in determining the value of a billboard lease. You can find them below. While a billboard lease can offer a large monthly income, it is possible to sell your property or apply a long-term lease. That would give you a very generous prepayment. While many display companies are hesitant to agree in advance for not establishing certain advertisements, remember that they probably need the lease more than you and everything is negotiable. For example, if the billboard is on church-owned land, the Church may want to ban certain „adult“ advertisements. If the billboard is on land on which a company operates, the company may not want ads to be shown for its direct competitor. Another source of distress is about ads that confuse the ad with business in the countryside. All of these things should be taken into account at the time of the lease, after which it may be too late without going to court. Often, display companies will ask for a pre-emption right for the country in the event of a sale. Consider staying away from these provisions, as they are not necessary, you will probably not have money for this right and this may unnecessarily delay any future sale of the land. Pay attention to the terms of the lease, as they are very different. Some offer conditions up to 25 years with rate increases every 5 years, others not.
Are payments due each month or every year? Are you entitled to late or collection fees? If you have to take legal action to collect the rent, you have to sue another court? Just like at the water`s edge, there is only as much space on the billboard due to the typical area restrictions. A good rental rate for a sign on a major highway in 2017 could not be as high in 2030 if demand increases over time. All of these factors should be assessed in advance. Our Billboard lease/freehold plans would turn your monthly payments into a high lump sum payment. This immediately gives you the full value of your advertising space. Imagine that you have leased land to someone who is going to build and maintain billboards, and now the billboard owner wants to know if you are making electricity available to turn it on. A Billboard lease defines all the tricky terms of your contract. It`s a contract between a Billboard owner and owner. It addresses specific concerns related to the rental of land for the construction or maintenance of a billboard. These include access to the property, power supply and maintenance of the billboard.
Other conditions covered by the lease include the requirement for the owner of Billboard to comply with state rules and their liability for billboard taxes. A billboard lease represents the expectations of each party and helps avoid misunderstandings that contribute to a happy ownership relationship between the owner and the poster. Other names for this document: Billboard Rental, Billboard Lease Agreement, Billboard Land Lease Agreement Some people will be surprised that billboards are still relevant in this modern era.