Cash for my cell tower lease. I was offered a lease buyout.
by Ranjit
(NJ)
Hello. Does Tower Genius Cell Tower Consultants help wireless landlords like myself who are thinking about cashing out of our cell tower leases? I own a property with a monopole cell tower in New Jersey with four cellular phone companies (Verizon Wireless, Omnipoint, AT&T and Sprint) renting ground space from me. I was contacted a few times in the last year about a possible cell tower lease buyout. I don't know much about these cell tower buyouts and have lots of questions. Can I sell one or two of the cellular leases or do I need to sell all four? Also the rent I receive on each of the rental contracts is different and I suppose their values may not be equal but still I am not sure how I should go about negotiating a lease buyout agreement once it is presented to me.
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