Leasing Property to LaFoy
SITE SELECTION: LaFoy Outdoor selects sites in areas
where outdoor advertising will be desirable and marketable to the advertising
community. A location on the property is selected where the sign will
be most visible to the audience.
QUALIFICATION: The property is evaluated to determine
whether it qualifies for a billboard under local and state regulations.
TERMS: We negotiate mutually beneficial lease terms
with the property owner and enter a formal lease agreement.
• We believe in win/win relationships and we structure our terms
in ways that are fair and equitable for both parties.
• The rental amounts we pay are based on revenue generating projections
for the specific site, which are determined by surrounding demographics,
traffic count, intensity of other signage, and other factors.
• Our structures are very expensive, so our lease agreements are
for long periods of time, which provides the property owner a long term
guaranteed income stream, and allows us to recoup our investment and make
a reasonable profit.
PERMITTING: Once an agreement is in place, we apply for
and obtain all necessary state and/or local building permits, variances,
and/or other approvals at our expense. Permitting usually takes about
30 days. Variances and zoning changes will take longer.
STRUCTURE FABRICATION: Once permits are approved, we
have a custom sign structure designed, engineered, and fabricated specifically
for the site, which generally takes 3-6 weeks.
SITE PREPARATION: We order underground utilities checks
and sometimes order underground soil tests and surveys. We also prepare
the site in advance for access and installation.
• The actual construction process generally takes 2-3 days.
• We are sensitive to ongoing activities on the property, and we
try to coordinate construction in a manner that creates minimal interference
with ongoing activities; however, this is a construction job involving
a large sign, and there will be equipment and materials involved in the
• Upon completion, excess materials are removed and the jobsite
is left in an orderly condition.
• Electricity is connected within about a week following construction.
SERVICE/MAINTENANCE: The periodic installation and changing
of advertisements is an unobtrusive process which involves a 1 or 2 man
crew wrapping a large vinyl tarp-like material around the sign face. Our
ads do not tear up and fall off or litter the surrounding ground like
some other types of outdoor advertising signs. We also repaint our structures
periodically and perform regular maintenance, none of which should interfere
with other activities on the property.