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Updated 4 months ago,
Attorneys with experience in Billboard lease matters
Hi BP community,
We are in escrow to purchase a duplex with an existing Clear Channel billboard. The seller is a Trustee and the owner was incapacitated for several years and passed away this Spring. The original billboard lease was signed in 1993 for $100 per month. Way below current market and has been auto renewing with no notices. The last auto renewal was in 2023. The trustee discovered uncashed checks going back 3 years. Some additional uncashed checks going back to 2013 were escheated to the State. I am looking for a real estate attorney who can review this with me and hopefully arm me with some concrete arguments for why the existing lease is/should be voided so that we can sign a new lease. Property and lease are in CA.