Timing: A lease extension can be an important aspect of securing your future revenue stream. If your ground lease has less than 5 years remaining, you should consider discussing a lease extension with us. This maximizes the opportunity for us to attract new customers and for the site on your land to remain a viable asset in our portfolio.
Incremental benefits: We encourage landowners to contact us if their lease is 5 years or less so we can discuss the best way for you to secure your current existing rental streams prior to lease expiration.
Third parties: You should first ask yourself whether or not this company will be around in future years. Smaller, third-party firms may not have the long-term viability of a larger, more established firm like Telecom Geneva. So it is important to consider whether the company will be in business long enough to fulfill its obligations to you.
Right of First Refusal (ROFR): This document or lease provision basically says that if you ever want to sell your property, you will notify us first, and we will have the right to match any offer.
A ROFR protects both of us. It gives us the confidence to tell our customers we’ll be in that location as long as necessary, and it gives you the financial security that comes from a reliable revenue stream.