American Tower lease

by Cowboy
(Texas)

I have a lease with American Tower that was originally a Verizon cell tower and was bought out by American Tower Corporation. The tower is located on an exterior suburban commercial 2 land highway and they are paying me a very low rent for my area. Verizon could have went to my neighbor's property with the tower so I look the deal and ended up doing the deal for less than what they were going to lease it for. Fortunately I did not give Verizon the right of first refusal. However now American Tower is trying to extend my lease. In their lease amendment they want to have a "limited" right of first refusal, which to me does not look limited but as a regular right of refusal. The American Tower leasing representative explained that they do not want a lease buyout company taking the tower from their control and that is why they are requiring the right of first refusal. I have ZERO intentions of selling this tower or accepting a cell tower lease buyout offer from anyone. Especially now. I've been getting a horrible deal and now that American Tower has taken over the lease I just want a fair deal. If I would have wanted a lease buyout or to sell a perpetual tower easement I would have contacted the companies that have sent me dozens of letters and proposals over the years. It's crazy that they think they can have a right of refusal on a deal where one doesn't currently exist. I am frustrated with their games. Maybe they should take their cell tower and stick it somewhere.