Another company offering to buy lease

by Nadine
(Grey County, Ontario, Canada)

Hello,

If there is a tower on your land leased by Rogers (with a clause stating you must extend the lease until 2030) and AT&T has approached you asking to buy the lease. Is there anyway this is possible?

Contractually you are obligated to renew with Rogers. But AT&T has offered a lump sum of money that seems like a better offer then what Rogers currently pays. I guess the question is really is there anyway out of the Rogers lease/ anyway to accept AT&T's offer?

Thanks,

Nadine

Comments for Another company offering to buy lease

Average Rating starstarstarstarstar

Click here to add your own comments

Sep 17, 2015
Rating
starstarstarstarstar
What does your Rogers lease agreement say?
by: Stephen

Hi Nadine,

Sorry I missed this question that you posted last week. Check your Rogers cell tower lease agreement to see if there is a Right of First Refusal clause or provision. If you have an offer from AT&T to do a lease buyout or perhaps from a third party company representing AT&T or Crown Castle, you may have to provide Rogers with the terms of that offer. It all depends on what your lease says. If AT&T or other entity buys the lease (they are buying an easement to receive the rental stream) then the payments would transfer or be assigned over to them.

Please give us a call to discuss. We'd need to take a look at your Rogers lease to be able to provide feedback on the buyout offer that you are considering.

Tower Genius
888-313-9750

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 Leasing Discussion.

Find out from Tower Genius how we help landlords and property owners in the USA and Canada maximize cell site lease values and get the best possible terms for:

  • Cell tower lease agreements
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • Tower lease buyouts offers
  • Rooftop lease buyout offers
  • Rooftop cell site audits
  • Lease Agreement defaults
  • Cell tower valuations
  • Rent reduction solicitations
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Rogers
  • Telus
  • Bell Mobility

Cell-Tower-Leases.com
Contact Tower Genius

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.