Lease offer at $500/ mo for 25 years

by Suzanne

My friend was offered a deal 3 months ago for $500/ mo for 25 years. Is this a scam or is this rate right? They haven't heard back from them since. It was a 20x20 piece of land on their property. Please let me know what their options are. Thank u

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Apr 25, 2015
Typical low ball offer
by: Anonymous

If carrier or tower company has many choices they don't need to pay out high rents. They can get away with 500 bucks. The good thing is that a 20 foot x 20 foot are is pretty small, and chances are that if another cell phone company wants to put their antennas up on the tower, they will need more ground space and then your friend can go back for a better rental price.

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