Leasing roof space - Prices and guidance?
We got an offer to lease our roof space to a company that wants to put antennas on. Does anyone have any ideas on how to value or price this type of lease and any unusual but necessary provisions to put in the lease?

Edit: Location is Northern Alabama and Tennessee Valley. Commercial Rents are 10-15 PSF.
[{"id": "f61eulm", "text": "It can depend on the market.  I had a lease I reviewed that was $2,000/month (South Florida) and it was a cellular company.  They had to have specific liability insurance.", "replies": [{"id": "f61ez2h", "text": "yeah I just realized I didn't put any location info in there. I'd call it suburban/Rural location in Northern Alabama and Tennessee Valley. Commercial Rents are 10-15 PSF. Is it more \"what they're willing to pay\" or is there a reach factor involved.", "replies": [{"id": "f61n9ux", "text": "Yeah, it's what market would be for the area.  Ask your commercial loan officer at a local bank, he or she would know what folks are getting. In my experience, owners consider it easy money.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f61gz73", "text": "I have a few rooftop antenna agreements but they are tied to occupied areas of the building and don't have a sf cost for the roof areas, so I can't help you there. \n\nI will warn you from a property management perspective they can be a huge pain to perform routine maintenance around like roof repairs and window cleaning and depending on the structural components of the antenna, can really increase maintenance costs and HSE requirements (due to radio waves). Good luck", "replies": [], "depth": 1}, {"id": "f61n59e", "text": "I had a client that would only do annual leases with antenna companies and he would require that he have the ability to remove the antenna infrastructure under particular conditions. He essentially did not want the antenna lease to disrupt a sale/redevelopment or his ability to maintain and control the property. I looked at a building once with a client that we wanted to redevelop but that landlord had a below market long-term lease  with a billboard company where the billboard lease prevented redevelopment... never let the tail wag the dog.", "replies": [], "depth": 1}, {"id": "f61sdcw", "text": "I've done them antenna agreements for $500/mo up to $3,000/mo. Figure out market, hammer out an agreement, and get yourself some easy additional cash flow.", "replies": [], "depth": 1}, {"id": "f61vkan", "text": "We recently purchased a building in Washington State. We were going through the lease for the antenna and the actual sf of the space used on the roof was 3x the space in the contract. If you go that route be careful that they don\u2019t pull a fast one on you there and pay extra care to the allowed access, unless you are fine with them sending people onto the roof at anytime make sure there is notices or required scheduling with the property manager in that lease (and before someone says this should be standard, you would be surprised how many don\u2019t have this) \n\nMake sure you have an attorney review it as well. They were able to lock in basically a 30 year deal for $800 per month with no bumps at all. Thankfully we are able to raise the rent and add bumps since they had expanded the premises without permission and were in default. Just be careful.", "replies": [], "depth": 1}, {"id": "f62edb1", "text": "1-2k/mo. Review the contract to understand what type of easement/access agreement etc you are giving them, and if they damage your roof who is responsible...", "replies": [], "depth": 1}, {"id": "f62y8t5", "text": "2K \u00e0 month plus utilities. It\u2019s actually the number of antenna they installed. I increase their rent every time they want to make equipment changes as well.", "replies": [], "depth": 1}]