Condominium cell tower lease tax implications

by Diana
(Chicago)

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?

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Jul 15, 2013
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by: Tower Genius

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.

Tower Genius
888-313-9750

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