All Forum Posts by: Joey Hall

Thanks, I will locate the closing documents and review the lease. I did not expect to get anything from the tower as it was disclosed it was already sold so did not review that content closely. The original lease from the owner who owned it at the time it was installed had hand writing on it for payments that increased per 5 year term is what it looked like if I recall correctly. When the last owner sold the lease it looked to be a complete other document filled with 15-20 pages of information. I do not recall seeing the duration of the lease on any document. 

I have acquired a piece of property that has an existing cell tower on it. The previous owner had already sold the lease about 10 years ago for a lump sum payment. I have requested a copy of the lease. From what I understand new carriers have been added to the tower since the lease was sold. I have been told by some people that the lease being signed over would only cover existing cell services at the time. Is this normal practice when selling a cell tower lease or was I misinformed?

Is there specific language I could look for in the lease agreement that would let me know if that is the case? Any help/guidance appreciated, I have never dealt with cell towers before.

Thanks,