Answers
May 14, 2020 - 12:32 PM
Hi- long story short- they always want to buy their leases. Whether short term or long term remaining- it is in their best interest to try to convert the rent payments to an easement. Ultimately, it works out to their advantage.
From a landowner standpoint, selling can make sense if you need money AND you aren't planning on developing the property around the cell tower. Otherwise, keeping the lease payments is relatively safe in most cases.
If you want to get more specific guidance, please contact us on our website and we can review the situation and figure out whether it makes sense to sell and if they are offering enough.
From a landowner standpoint, selling can make sense if you need money AND you aren't planning on developing the property around the cell tower. Otherwise, keeping the lease payments is relatively safe in most cases.
If you want to get more specific guidance, please contact us on our website and we can review the situation and figure out whether it makes sense to sell and if they are offering enough.
May 18, 2020 - 10:40 PM
I have never seen a lease where the tower company has the right to force the landowner to sell the lease. There are right of first refusal clauses where if the landowner wants to sell to someone else, the tower company can step in to buy at the same terms.
If the tower is empty and the lease rate is high, they may be saying that they won't continue the lease at the same terms going forward and need you to sell it to them.
But generally, I don't see where they can force you to sell to them.
If the tower is empty and the lease rate is high, they may be saying that they won't continue the lease at the same terms going forward and need you to sell it to them.
But generally, I don't see where they can force you to sell to them.
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They said I had to
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