Existing cell tower on purchased land

by David
(Monroe, La)

I have purchased property at a tax sale and found an existing cell tower on the property. The cell company states they paid a one time lease for the property. Do I have any rights to force a new lease? I did see somewhere about a "run with the land" lease. Land is in Shreveport, LA and cell company is in Boca Raton, FL. Thanks!

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Jun 27, 2011
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Interested buyer
by: Rick Madore

I represent a buyer who is agressive in buying land with existing cell towers. Please call if you are interested. Rick M, Coldwell Banker 555-555-5555

Editor's Note: Sorry this is not a bulletin board. We are interested in discussing with you. Please fill out a form on our site. We regularly come across these sort of deals where the Owner wants to sell the land and the tower lease.

Jan 24, 2011
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Perpetual purchase of cell tower rights...
by: Sean (Tower Genius)

You would have to send us the paperwork for us to see what transpired. It is possible that the previous owner took a one time buyout but I believe that they would have needed to get the previous mortgage holders approval in an NDA. Call us so we can give you some guidance once we have a bit more information.

1-888-313-9750

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