Amendment vs renewal: what’s the difference?

An amendment modifies the current agreement. A renewal extends it.

An amendment may adjust rent, equipment, access rights, or term language. It keeps the original lease intact but changes specific sections.

A renewal activates an extension period outlined in your lease. Many leases have automatic renewal options controlled by the carrier. When exercised, the lease continues under preset terms.

Why does this matter?

Because renewals often lock in outdated rent levels. If your lease escalator is 2% and market rent has risen faster, a renewal may leave money on the table for another 5-year block.

Amendments, on the other hand, can reopen negotiation if handled correctly.

The danger is treating both as paperwork. These are leverage moments. When the carrier reaches out, it is usually because they need something… equipment upgrades, term extension, or site stability.

That need creates opportunity.

We evaluate whether the renewal terms are favorable and whether the amendment language shifts power. Then we negotiate improvements where possible.

Most landlords only see these events a few times. Carriers handle them daily. That imbalance matters.