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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Do Not Get Burned On Cell Tower Leases in 2023, Tower Genius, The Premier Wireless Consultant in America, Has Helped Hundreds Of Landlords Get Great Deals.
Do Not Get Burned On Cell Tower Leases in 2023, Tower Genius, The Premier Wireless Consultant in America, Has Helped Hundreds Of Landlords Get Great Deals.
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