Purchasing Land with existing cell tower and lease

by Joseph
(Oakley,CA)

We are about to close on land we just purchased and it has a cell phone tower on it with existing 5 year lease at $500 month 5% increase every 5 years as well as renewal. I've heard others in the area are getting alot more. Do we have any negotiating rights as we are going to be the new owners.

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Dec 17, 2015
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Lease renewals
by: William

The critical information is how many renewals are left on the lease. If you are 15 years in with one more 5 year, you will have some leverage, but not if the site is fairly new. They are very shrewd that way.

Mar 28, 2015
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Assignment does not trigger renegotiation
by: Stephen

Just because the lease will be assigned over to you does not automatically trigger a negotiation. At such a low rate, they will be happy to keep paying you that price for as long as they can.

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