Complicated question

by Chaz
(Kent, WA, US)

Hello,
I am purchasing a home with a cell tower on it and is currently going into closing. The cell lease rights have been sold to crown castle. I would like to see the lease agreement for that property so I can ultimately decide if I should still pursue it. Is there a place I can go to find that? I've heard things like I can't make alterations to the property without approval from the lease holder and things like that. I've asked a few people and still haven't gotten to see it. It is a 7 acre plot next to my parents and is very desirable in my eyes. Old house and untouched property so I would like to do allot to it. Please let me know if you have any informative or tips. Should I get out of the purchase? Thank you!

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Jul 15, 2016
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starstarstarstarstar 		Unfortunately they don't have to share the lease with you.
by: Stephen

It's very risky as they will not share the lease with you and you have NO IDEA what the previous owner agreed to. You can ask the sell to share it with you or make it a contingency in your purchase agreement that you have 72 hours to review the lease. Generally if they won't share it with you , it's because there is a crap sandwich of a lease agreement and the cell tower is not worth the discount they are offering to buy the house. You may be stuck with bad provisions like increased tax assessments with Crown not having to reimburse you for starters.

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