Lease rate

by Randy
( SC USA)

If I purchase land with a tower am i obligated to the current contract?

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Jan 06, 2016
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starstarstarstarstar 		most likely, yes, but...
by: Stephen

Most cell tower leases simply assign over to the new owner. It doesn't give you the ability to renegotiate just because you purchased the property. Make sure you do a title search to determine if the previous owner sold off the cash flow / revenue stream in the form of a perpetual easement, because then you can wind up with a tower on your property that pays you nothing.

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