Purchasing property with an existing cell tower.

by David
(Los Angeles, CA)

We live in Los Angeles, CA and are currently purchasing a property that currently has a cell tower built on it. Should we start getting compensation since this tower is located on our new property? Or, do we have the right to have the tower removed if we cannot receive income from it? Thank you, David.

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Nov 17, 2011
Did they sell the revenue stream?
by: Tower Genius

Did the previous owner sell the rental stream? If you purchase a property where the previous owner sold the cell tower revenue stream you will not be able to take the tower down until the deal runs out. Do your homework first unless you don't mind looking at a tower for the next 20 years that has no benefit to you.

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