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.

Comments for Buying a property with a cell phone tower on it.

Average Rating starstarstarstarstar

Click here to add your own comments

Jan 02, 2017
Our thoughts
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.

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.

Subscribe to the
Cell Tower Insider
Enter your E-mail Address
First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Cell Tower Insider.

Contact a Telecom Lease Lease Genius Today.