Cell phone tower easement vs. lease

by Brit S.
(Texas, USA)

Our cell phone tower has been sold to a new company. The current lease was entered into in 1995 with two ten year rights to renew. A third party has purchased the tower from the company we originally leased it to. This new company has recently mailed me an offer to do one of the following: 1) grant them a perpetual easement for a one time payment of $35,000 or 2)enter into a lease agreement that will give them five additional years effective at the end of the lease agreement (Sept. 2025) with the option to renew for 5 additional 5 year terms at the same rate we originally leased it at ($500 per year) plus a $2500 signing bonus. Based upon the rates I see others getting in this forum, it appears that the original lease amount of $500 per year back in 1995 was a steal for tenant. I don't want to make the same mistake this time around.

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Jan 28, 2014
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starstarstarstarstar 		We have seen worse.
by: Tower Genius

Do not despair. We once saw a carrier pay an INDIAN TRIBE a whopping $100 per year. As a gesture of kindness, they offered the Tribe free blankets with smallpox. Well, actually the smallpox blankets are a metaphor. The carrier ended up terminating the Tribe's cell site lease, and kept operating the cell site illegally for about 4 years and didn't want to reimburse the Tribe for almost $50K worth of unpaid electrical expenses.

Yes, we fixed it.

Please call us we can help.

Tower Genius
888-313-9750
Jan 27, 2014
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starstarstarstarstar 		what??
by: Anonymous

I can't even believe you are saying $ 500.00 a year. When it should have been $500. a month or more. This is your big opportunity to get lots more money. These companies will take advantage of you in a heart beat and they don't care.
Get help and get your research done. It will pay off for you. Keep reading this blog and learn all you can but get professional help so you don't lose out again.

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