Buying a property with a cell phone tower on it.

Tower was not disclosed on disclosure sheet of property. After we had made a offer she verbally agreed to she wouldn't sign sale until her attorney worked out a deal with the cell phone co. That was supposedly a Right of way. We offered less money and the deal is waiting for a offer from her on how much she wants. I am baffled by real estate agents handling of this. How should this be handled? We love the property but don't like a lifetime right of way across our future property. Should I give up on this property or take legal action of some type.

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Jan 02, 2017
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by: Stephen

Tower lease agreements assign over to the new owner, and you are basically stuck with whatever they negotiated. If the current owner was less than open about the situation they could potentially sell the lease revenue stream cash flow and leave you high and dry with a tower that will be there for a long time and not pay you a dime. If you have doubts you might want to consider taking a pass on this one.

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