How does the IRS treat condominium buildings leasing roof space to cell phone companies? Do the winery's form an LLC with K1 distributions? Aren't Condominiums non profit?
Comments for Condominium cell tower lease tax implications
Diane you need to ask a CPA. However I can tell you that most cell site leases have tax language and provisions that state that the carriers will pay for increases in property taxes which are related to telecommunications improvements on your premises.
We find that the tax language in most cell tower leases is too broad and doesn't really provide the level of protection for landlords we are happy with, so we generally craft our own language that carriers and tower companies usually accept after we explain it to them. Please let us know if we can help your condo with the lease.
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Our church has been approached by a company who wants to put a cell tower on our property. They first offered $1,000 per month with a 2% annual escalator
I own property that the cell tower company has to cross to access their proposed site. Are they entitled to legal use of the specific easement. Also our