New property- Existing lease

by Pam
(Newton Falls, OH)

The property we bought 2 1/2 years ago was originally owned by a company (business) that went bankrupt and the property sold at auction. There had been one other purchase of the property before us. Regardless there is a tower owned by American Towers on the property and they have access at all times.

I called to inquire about the tower and was sent the original lease which was a one time buy out and stated as a 99 year lease.

Does this existing lease still apply? We were not given any information at the time of purchase. Also, when I called them they were not very giving of information. I told them if they were not going to work with me then they could come take it down. I then had to prove ownership, send bank information and fill out a W4. Still have not heard from them. My question is where do I go from here? Can I get a new lease? Can I have them take it down?

Thank you for your time.
Pam W

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Dec 23, 2019
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Oh bummer Pam.
by: Stephen

Pam not a good situation. Sorry to hear about this.

They have a 99-year lease, so basically not too much you can do except if you feel you did not have certain things disclosed to you , then you should reach out to a few local attorneys and get their opinions to see if you have any leverage to take action.

Good luck.

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