What are My Cell Tower Lease and Buyout Options?
If you’re already leasing out a portion of your land for a cell tower, hopefully you know what you got yourself into! Unfortunately, many cell tower lessors do not fully understand what they’ve signed up for. With over 200,000 cell towers spread across the US, it’s easy to see how a few contract details can get lost in the mix.
With the increased use of smartphones and other wireless devices, cell towers are popping up all over the place and many property owners are really cashing in. But being uninformed about the contract you’ve signed is not a situation you want to find yourself in. You may even find that you’d like to find a better lease arrangement or get out of the contract altogether.
Keep reading for a closer look at what makes up a cell tower lease or buyout and some of your options for a lease.