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

Comments for New property- Existing lease

Average Rating starstarstarstarstar

Click here to add your own comments

Dec 23, 2019
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.

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 Leasing Discussion.
Contact Tower Genius

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.


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

Like this page? Show us some Social Love. Here's how.

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.