Answer
Jan 13, 2016 - 12:44 PM
That is a great position to be in. We have a number of clients who have been through this exact situation- where the tower owner failed to record the lease prior to a tax deed being acquired and the new property owner was able to negotiate a new agreement with the tower company. This is even better than having a lease expiration because with a lease expiration, the tower company at least has time to try to find a new site before the expiration.
In terms of setting a value for a cell tower lease acquired in a tax deed sale, there is no rule of thumb or easily calculated way of determining value. Each location is different and has a unique value which depends upon the difficulty of finding another acceptable tower or site nearby. We can certainly help you with valuing the tower. Please contact us by submitting the form or by calling us at 1 877-428-6937.
Ken
In terms of setting a value for a cell tower lease acquired in a tax deed sale, there is no rule of thumb or easily calculated way of determining value. Each location is different and has a unique value which depends upon the difficulty of finding another acceptable tower or site nearby. We can certainly help you with valuing the tower. Please contact us by submitting the form or by calling us at 1 877-428-6937.
Ken
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