Hi Everybody,
Optus has approached my IP strata with a proposal, they would use our building(s) to host one of their towers/base stations. They would pay my strata 20k per year, (increasing 3%pa). The terms would be 5 years with the right to excise an option 3 times for a total of 20 years. The agreement they drafted stated they would pay for the electricity etc.
However there didn't seem to be any rights for us to not allow them to exercise an option, and the proposal allowed them to say allow other carriers to use their infrastructure so perhaps all the carriers would be transmitting from this equipment once it's in place.
My exec committee are saying no, (it's a strata of 72 units so each owner would benefit more than $200 initially).
What are your thoughts?
I think it's a good amount to defray other strata costs, but someone else argues that it would scare away a lot of buyers (perceived radiation etc). Also giving them the right to have that equipment up there for 20 years is a long time....
My unit block is in a popular area for trains, local shops, so it's a hive of activity and my strata block would be considered the tallest in the area. (9 floors high).
It's in North Western Sydney which has been going gangbusters recently.
Let me know what you think!
Optus has approached my IP strata with a proposal, they would use our building(s) to host one of their towers/base stations. They would pay my strata 20k per year, (increasing 3%pa). The terms would be 5 years with the right to excise an option 3 times for a total of 20 years. The agreement they drafted stated they would pay for the electricity etc.
However there didn't seem to be any rights for us to not allow them to exercise an option, and the proposal allowed them to say allow other carriers to use their infrastructure so perhaps all the carriers would be transmitting from this equipment once it's in place.
My exec committee are saying no, (it's a strata of 72 units so each owner would benefit more than $200 initially).
What are your thoughts?
I think it's a good amount to defray other strata costs, but someone else argues that it would scare away a lot of buyers (perceived radiation etc). Also giving them the right to have that equipment up there for 20 years is a long time....
My unit block is in a popular area for trains, local shops, so it's a hive of activity and my strata block would be considered the tallest in the area. (9 floors high).
It's in North Western Sydney which has been going gangbusters recently.
Let me know what you think!