Lease buyout

by Josh
(Stockport, OH)

Hello, my in-laws are not tech or lease savvy. They have a Verizon tower leased at what I consider horrible terms. It is in year seven of a twenty year term that paid $20,000 up front and $10,000 at the twentieth year. It is very rural but the tower has been built and operational for many years. Someone from American Tower called them and offered to buy out the rights to the lease for $20,000 lump sum. I am astonished that they only get $85/month for this eyesore currently and don't want them to get ripped off again. They have asked me what they should do. I think there must be a reason they want those rights. Is there anything I should look for? I am going to look over the current contract and compare it with the proposed one.

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Jul 15, 2016
What the heck. Do Not sell it.
by: Stephen

Let's take a closer look at that tower and and the lease. DO NOT (yes I am yelling) SELL IT.

Talk to us first, you may be able to renegotiate but regardless let someone with an industry expertise take a look first.


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