Mobile phone mast lease dilemma?
8:41 AM, 11th April 2024, 2 years ago
15
Hi, a phone mast on the flat roof was installed of my commercial property over a decade ago before I purchased the property. The phone company is forcing me to sign a new lease with very low rent, which does not cover the amount I spend on maintaining the roof.
Does anybody on the Property118 forum have a similar situation like mine? I would really appreciate any advice.
Many thanks,
Arica
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Renters are still financially squeezed - FCA
Member Since February 2023 - Comments: 22
12:15 PM, 12th April 2024, About 2 years ago
When they roll out the lawyers and start threatening , then you know you’ve got them.
Member Since March 2023 - Comments: 1506
7:44 AM, 13th April 2024, About 2 years ago
Reply to the comment left by Fed-up Landlord at 11/04/2024 – 17:17
For farmers etc this applies –
Under the old law, rent calculations were based on the market value of the land, as is the methodology for standard commercial leases. The Code introduced a new valuation method, known as the “no scheme” value, which considers the value of the land without factoring in the presence of telecommunications equipment. This method reduces costs for operators and, for most landowners, has resulted in a sizeable reduction to their rental income.
Member Since February 2023 - Comments: 22
9:48 AM, 13th April 2024, About 2 years ago
Reply to the comment left by GlanACC at 13/04/2024 – 07:44
For this reason leaving the existing leases to run is the better choice. Even if it means no reviews. The telco then has to terminate to get a new lease and that can have implications on their Code rights.
Member Since November 2022 - Comments: 120
9:59 AM, 13th April 2024, About 2 years ago
Reply to the comment left by Kopf Schmerz at 13/04/2024 – 09:48
True, but the Telecoms co can initiate a renewal now, perhaps for a short lease, and any later lease will then be on a Code basis.
Member Since February 2023 - Comments: 22
10:41 AM, 13th April 2024, About 2 years ago
Reply to the comment left by Julesgflawyer at 13/04/2024 – 09:59
Insidious legislation. This is why telecoms has become toxic. Getting planning permission for the roof, for solar or storage can be used to urge them to relocate.