how can I sell my land and keep tower

by Albert
(PA.)

I have a tower on my land. My buyer for the property has agreed to put an endorsenent in the agreement of sale that I will retain ownership of the ground lease and all revenue comes to me. In order for me to later do a buyout it is also agreed at settlement to give me an exclusive perpetual easement on the communications compound footprint. This gives me an interest in the land. American Tower that owns the tower states this does not matter. When they do a buy out or and another carrier it will be with whose name is on the title. They are the true landowners and they have to sign all documents. Can this work?

Comments for how can I sell my land and keep tower

Average Rating

Click here to add your own comments

Dec 09, 2013
Rating

American Tower purchases perpetual easements all the time
by: Sean (Tower Genius)

LOL... American Tower purchases perpetual easements all the time. I would need to see the language you used in your agreement. Give us a call.

Tower Genius
888-313-9750

Dec 07, 2013
Rating

perpetual easement
by: Anonymous

If you have done your perpetual easement properly with an ALTA title policy and have the interest in the land under the american tower equipment, i don't see how you are not the one who holds the title in that portion of land.

If American tower was right, the lease buyers would never buy any leases since they flip them later for profit to American and Crown. And yet the lease buyers keep buying them.

Something is unclear here.

I would have your (savvy in this field) lawyer or Tower Genius look at your easement.

Dec 07, 2013
Rating

tricky question
by: Anonymous

If American Tower won't recognize the specifics of your agreement with the new owner, I guess it's all for naught.
I like this site because it brings up issues I haven't thought about. I could have the same situation one day but I am wondering if you couldn't just survey the tower footprint out of the land you sell.

Ask American Tower to be more specific as to why this is unacceptable to them.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to American Tower Lease Questions and Answers.

Cell-Tower-Leases.com
Contact Tower Genius

Please note that all fields followed by an asterisk must be filled in.

First Name*

Last Name*

Email*

Phone*

Cell Site Street Address*

Cell Site City*

Cell Site State*

Type of Lease*

Service Needed*

How Can We Help*

Privacy*

	I am at least 16 years of age.
	I have read and accept the privacy policy.
	I understand that you will use my information to contact me or send me the information I requested.

Please enter the word that you see below.

Cell tower lease agreements Selling Cell Tower Lease Tower lease extensions Cell site upgrades Small cell proposals Lease amendments Tower lease buyout offers Rooftop lease buyout offers Rooftop cell site audits Lease Agreement defaults Cell tower valuations Rent reduction solicitations Lease Optimization Help Lease Revenue Purchase Transactional Coaching		Verizon Wireless AT&T T-Mobile DISH Wireless US Cellular SiriusXM Crown Castle American Tower Atlas Tower Phoenix Tower PTI Vertical Bridge SBA Communications Tillman Infrastructure Lyle Company, Black Dot, Md7 Everest Infrastructure

Share this page:

What’s this?

Facebook X Pinterest Tumblr Reddit WhatsApp

Like this page? Show us some Social Love. Here's how.

Would you prefer to share this page with others by linking to it?

Click on the HTML link code below.
Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.