Lease Commitments

The Company leases land, buildings and tower space under various non-cancelable agreements, which expire between the years 2016 and 2051 and require various minimum annual rental payments. These leases typically include renewal options and escalation clauses. In general, tower leases have five or ten year initial terms with four renewal terms of five years each. The other leases generally contain certain renewal options for periods ranging from five to twenty years.

Future minimum lease payments under non-cancelable operating leases, including renewals that are reasonably assured at the inception of the lease, with initial variable lease terms in excess of one year as of September 30, 2016, are as follows

(in thousands):



Remainder of 2016	$	12,229
2017	48,512
2018	48,135
2019	47,217
2020	46,130
2021	45,950
Thereafter	237,024
	$	485,197

The Company’s total rent expense was $28.6 million and $12.7 million during the nine months ended September 30, 2016 and 2015, respectively. The increase during the year resulted from leases assumed in the acquisition of nTelos.

As lessor, the Company has leased buildings, tower space and telecommunications equipment to other entities under various non-cancelable agreements, which require various minimum annual payments. The total minimum rental receipts at September 30, 2016 are as follows (in thousands):



Remainder of 2016	$	1,532
2017	5,643
2018	5,235
2019	4,924
2020	4,241
2021	2,255
Thereafter	2,872
	$	26,702

The Company’s total rent income was $5.3 million and $4.7 million during the nine months ended September 30, 2016 and 2015, respectively. Total rent income includes month-to-month leases which are excluded from the table above.