Got a call

by Henry
(Mcdonough GA)

I bought a piece of property that had been forclosed on by a bank. Then that bank went under and the FDIC took over and sold it to another bank. That is when I bought it. I asked about the tower lease and no one new anything and American Tower would not tell us until we had the deed in hand.

I was told later that they paid a lump sum payment and I had no rights. I have been fighting with them for two years now about this and their lack of keeping the grounds up and worker leaving trash. My bank or any of the other banks signed a subordination clause. As a matter of fact last attorney at closing had title work done and nothing about a lease etc showed up.

Then today I get a call about them wanting to offer me money for a perpetual Lease. There has to be some loop hole that can be found. Any advice?

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Nov 05, 2015
Henry, hopefully you've stepped in some gold.
by: Stephen

Sometimes it's hard to get a straight answer from the tower companies or carriers, especially when somebody likely screwed up royally on the paperwork or on properly administering the lease. They will almost never admit they are wrong, sounds like their offer is a sort of admission. If they haven't filed the proper paperwork there is a good chance that something can be negotiated. Please give us a call to discuss so we can take a look at the tower and also discuss their proposal to you, and see what your options are.

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