Buying a property with a cell phone tower with a sold lease

by Brendon L
(Binghamton, NY)

I am looking a purchasing a property that has a cell phone tower located on it. I have been told that the lease for the tower has been sold.

If I purchase the property, what are my options in regards to the tower/lease? Do I have any?
Thanks

Comments for Buying a property with a cell phone tower with a sold lease

Average Rating starstarstarstarstar

Click here to add your own comments

Feb 17, 2015
Rating
starstarstarstarstar
Your options..
by: Stephen

You can enjoy the aesthetics if it's a stealth tower design. If the lease has been sold in perpetuity there's nothing you can do. And you also may be on the hook for the extra taxes and insurance liabilities so you should try to find out from the tower company what you are potentially on the hook for. Unless the buyout was for a set period of time, you are probably going to have zero benefit from it.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Cell Tower Lease Forum.

Find out from Tower Genius how we help landlords and property owners in the USA  maximize cell site lease values and get the best possible terms for:

  • Cell tower lease agreements 
  • Tower lease extensions 
  • Cell site upgrades 
  • Small cell proposals 
  • Lease amendments 
  • Tower lease buyouts offers 
  • Rooftop lease buyout offers 
  • Rooftop cell site audits 
  • Lease Agreement defaults 
  • Cell tower valuations 
  • Rent reduction solicitations 
  • Lease optimization questions
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • DISH Network
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Vertical Bridge
  • Harmoni Towers
  • Tillman Infrastructure
  • Black Dot, Md7, Lyle Company


Need help with your cell tower lease?

1-888-313-9750

Wireless Telecom Consulting & Transactional Coaching for Landlords and Landowners.

Contact Tower Genius

Please note that all fields followed by an asterisk must be filled in.

Like this page? Show a little Social Love. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.