American Tower demanding to reduce lease payment
(Dove Creek, CO USA)
The 198ft American Tower on my property in Dove Creek, CO has not had any tenants on it since the tower was installed in 2001. I have a 50 year lease and I think they just picked the wrong location. They have contacted me 4 times since 2009 to reduce the annual lease payments or to take a ridiculous buyout of less than $20,000. I have refused each time as there is nothing in my contract about renegotiating the payments. And, I have said repeatedly that they can take the tower down as it is nothing more than a lightening magnet! Now it appears that they have, "Issues going forward with lease payments." Any history that you know of dealing with this situation or advice? Thanks.