Cell phone tower payment
by Lacey Patterson
We are currently looking and making an offer on a house that has a cell phone tower (Verizon) on the back of the property. We were told that this January, a contract was signed between the land owner and the cell phone company. Now that this owner is selling the land, is that 55 year contract still good, or since the signed of the contract is no longer owner of the land? Want to know what we are getting ourselves into before making such a large offer on a home and having 30 year mortgage and having to abide by a 55 year contract. There is no separate easement for the company to use the tower, they literally use the driveway to the house. When you get to the house, the driveway continues back to the tower, so they literally use what may be OUR driveway. So doesn't seem fair for new owners to get NOTHING in return and having to let these large trucks come and go. We are looking at land in Watertown, TN. Not sure if the laws/rules on this type of thing varies from state to state or county to county or cell phone company to company to company. Looking for some help/answers! Thank you for your time!!!
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