long term contracts when property changes is sold

If you purchase land with a cell tower, does the contract have to be re-negotiated with the new land owners?

Comments for long term contracts when property changes is sold

Average Rating starstarstarstarstar

Click here to add your own comments

May 25, 2016
Rating
starstarstarstarstar 		Most likely, no.
by: Stephen

If you purchase land with a cell tower, the lease and rental payment should in most cases assign over to whatever entity ends up owning the land. That is unless the previous owner signed off on some sort of crazy assignment or right of first refusal provision. Also make sure that they don't sell the lease cash flow revenue stream out from under you before you buy it and you end up holding the bag and wind up with a tower that generates zero revenue. Get a copy of the lease and get a detailed title report to see if anyone has purchased an easement for the tower before you buy, in our opinion.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Cell Tower Lease Rates.

Find out from Tower Genius how we help landlords and property owners in the USA  maximize cell site lease values and get the best possible terms for:

  • Cell tower lease agreements
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • Tower lease buyouts offers
  • Rooftop lease buyout offers
  • Rooftop cell site audits
  • Lease Agreement defaults
  • Cell tower valuations
  • Rent reduction solicitations
  • Lease Optimization Help
  • Lease Revenue Purchase
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Vertical Bridge
  • Lendlease Towers, Md7
  • Tillman Infrastructure
  • Lyle Company, Black Dot
  • Everest Infrastructure

We Would Like To Hear From You.
 

Cell-Tower-Leases.com
Contact Tower Genius
Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.

  



Protected by Copyscape