I'm a landlord with an American Tower lease that has approx. 13 years remaining on it. August of 2010 I was ready to accept a partnership with Tristar Investors and stupidly, I signed their Letter Agreement (but not the Easement). I disclosed that there was an existing lien on the property.
Fast forward to the beginning of 2011, and my decision that I don't want to sell the lease to them and become their partner for the measley amount they've offered to buy out the current lease for.
February of 2011 I got a voicemail from them asking me to return their call. I ignored it. Now 5 weeks later I have received another voicemail stating that the title company has discovered something they need to discuss with me.
I intend to return their call this time, but I have done nothing on my end to try to get the lien released on the property. Am I going to be in trouble with them, and if I ask the bank to send them a letter stating they will not remove the lien from the property is there anything they can do to force that to happen or take me to court over this?
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