Apr
28
Plan For Development - And Save Your Sign!
In the over 300 billboard signs I have owned, only two have been lost to development. I achieved this not out of sheer luck, although I have been lucky, but by being proactive about avoiding risks and mitigating the risks I can’t avoid.
In most billboard ground leases, you have to give the property owner a right to terminate in the event of development. Obviously, few people will tie up their land for years when it might sour a huge development offer down the road. As a result, your billboard is at risk of being removed at any time with so many days of advance notice.
Category: Business Author: admin
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