Rooftop cell tower lease right of first refusal.

by Holly

The cell phone company wants to have a Right of First Refusal in our lease agreement in the event we decide to sell our lease revenue stream. Is this a good idea for us? Yes, no or maybe?

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Sep 28, 2011
ROFR rhymes with gopher
by: Tower Genius

The right of first refusal is the ROFR gopher clause because the carriers dig themselves into your lease entrenching themselves like a gopher who likes to take your carrots.

Look, if I'm the carrier or tower company then I want the right of first refusal on a lease buyout offer. Giving up that right can cause you to potentially leave a lot of money on the table. Don't give up your right of first refusal if possible. The carrier will tell you that it's a deal breaker, but the Wireless Pit Bulls of Tower Genius have determined that 4 out of 5 carrier real estate managers are bluffing when it comes to ROFR language.

If you are not a good poker payer then you need to hire a wireless professional, call Tower Genius at 888-313-9750.

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