Rate for Advertising Sign/Billboard on My Property?
We enjoy a to some extent colossal sign/billboard on our property from a local business almost 4 miles away. It is their own sign (not from a company similar to Burkhart although it's in the order of that big!) and they do keeping and upkeep. What should they be paying us to use our property to publicize for them? Ballpark amount is OK. We live along a key highway where on earth a great deal of traffic will see it. Any facilitate would be appreciated! Thanks!
Answers:
Most companies that erect those signs obtain a long occupancy contract (99 years or more) and rewarded a flat amount to that property owner to own the sign on their property. If the agreement is worth the weekly it is written on, near is a clause that carry on to any subsequent owner.
Savvy landowners obtain a lease do business, beside a clause to negotiate brand new expressions every couple years or so. I own hear of contracts that remuneration home owners $15K a year for their lease.
I would contact the City and see what your rights are in the region of that sign. That will probably administer you direction as to what you should do subsequent.
where is it; what are they paying you immediately?
Sounds course too cheap to me. Most signage companies will charge a minimum of $800 a month to flaunt on a billboard, and ultimate time I checked it be closer to $1500/month.
I'd covertly phone call the company to find what they'd charge to push a business and use that as a guide beside the reading that everyone requirements to profit or not a soul will.
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Answers:
Most companies that erect those signs obtain a long occupancy contract (99 years or more) and rewarded a flat amount to that property owner to own the sign on their property. If the agreement is worth the weekly it is written on, near is a clause that carry on to any subsequent owner.
Savvy landowners obtain a lease do business, beside a clause to negotiate brand new expressions every couple years or so. I own hear of contracts that remuneration home owners $15K a year for their lease.
I would contact the City and see what your rights are in the region of that sign. That will probably administer you direction as to what you should do subsequent.
where is it; what are they paying you immediately?
Sounds course too cheap to me. Most signage companies will charge a minimum of $800 a month to flaunt on a billboard, and ultimate time I checked it be closer to $1500/month.
I'd covertly phone call the company to find what they'd charge to push a business and use that as a guide beside the reading that everyone requirements to profit or not a soul will.