I just purchased a property with a cell tower on it. The property had been in a foreclosure status. The cell tower lease states it runs with the land. Cell tower company said send in your deed with proof of ownership, W-9 form and ACH form for the payment transfer. We closed on the property with that information from the cell tower company.
We signed a notice of non disturbance at closing. Now the cell tower company says there are no lease payments due on the lease. They now claim the lease has been satisfied until 2050 and no payments are due on the property owners.
I now have a property with a huge liability of a cell tower on it that is claiming they don't have to pay anything for keeping the cell tower on my property.
Is this legitimate business practice by cell tower companies. I am looking into an attorney. The cell tower did not disclose the true facts and I feel I am damaged by their actions.
Comments for tower on my property with no payments attached
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