Why Land Owners Sell Their Billboard Lease [leasingexecutive]

Why Land Owners Sell Their Billboard Lease [leasingexecutive]

Atlantic Outdoor Advertising began leasing the billboard at 23-10 Queens Plaza South in 1999, but when it sought permission to change wording on the rooftop display last year, the move was rejected because the city claimed the billboard was not an ... Towering furor

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Do you own land that is used as a billboard location? If the answer is yes, then chances are that you have a lease on that location which allows a company, proprietorship, etc, to use that location to advertise their product or service. While billboard leases are considered less risky than, say, a commercial tenant lease, they don't come without their share of inherent hazards. Risks associated with tenant leases include unexpected vacancies which take money out of your pocket when you have to cover operating costs for the building with no income. A vacancy at a billboard location doesn't produce the same type of risk, but it can affect your cash flow in different ways. You can sell your billboard lease, leaving your land ownership intact and allowing you upfront cash to diversify your own investment portfolio.

Selling your billboard lease, gives you freedom of investment and peace of mind.

Let's consider some of the risks associated with owning and managing a billboard location. Firstly, the land on which the billboard is located must comply with zoning codes and regulations which can change over time. Suppose your billboard is located in an area notorious for high winds and adverse weather conditions. If your billboard is destroyed as a result of Mother Nature, you may think you can erect a new one in its place. This may not be true, as the city or town ordinance, or zoning laws, may have changed. Although the existing use pre-dated the zoning law, you may not be able to erect another billboard if those laws have changed. You may end up with a useless tract of land.

Sometimes billboard tenants vacate before the end of the lease in the same way a commercial building tenant would vacate.

Selling your billboard lease eliminates your risk of vacancy. You'll be surprised how much money you can get up front to invest in other locations like the stock market, real estate, etc.

What about your existing billboard tenant? No worries. You can sell your billboard lease and the purchaser will be bound by the terms of the existing lease. This means the billboard continues to operate as it always has, and the tenant merely pays a different landlord, so to speak. If you own a billboard location and are looking to collect a large amount of cash instead of smaller chunks of change over a period of time, consider selling your billboard lease.

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Question by kd: Where can I find the rules for establishing billboards in Louisiana? I own a lot next to an interstate highway and would like to erect a billboard (or lease to an operator). There is a billboard on the adjoining lot also. Is there some type of rules governing the issue of my ability to build a sign, given that it could block view of the other one? Best answer for Where can I find the rules for establishing billboards in Louisiana?:

Answer by Tangeran
why don't you find out who owns the billboard next to you, and ask them for rules. I believe it has to do with real estate laws. "air rights" ask a real estate expert, i think you'll find the answer there. but that's a good idea!

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