Should we agree to a 10 year guaranteed larger monthly payment on our lease because cell towers are going away?
We have had an American Tower cell phone on our property for 14 years. We receive a monthly payment for this that goes up a little each year.Over the years many companies have tried to purchase the lease for a big one time buyout. Now we have a company from California trying to purchase the lease for a guaranteed 10 year monthly payment plan that is almost double the monthly amounts we receive now. At the end of 10 years no more payments. They are claiming that may be the life of cell phone towers rather than 18-20 years of our present lease. Even though our contract with American Tower is actually for another 36 years. How do we decide? They are telling us that our present agreement is a gamble and their new easement is guaranteed 10 yrs of payments.
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