I have a verizon lease being transferred to American Tower
by Kathy
(Tennessee)
My lease is for 5/5yr cycles. I have just begun the 2nd 5yr cycle. My lease increases 10% at the beginning of each 5 yr cycle. I have been pursued by Crown Castle and Tower Point Capital to buy out my lease. I am not sure how to evaluate the lump sum vs continuing the lease. I really like having the extra income each month from the tower. I am wondering if my present lease agreement is a good one and if there is potential for addition income when the switch over happens next month. I live in TN and my tower is on the edge of our property with immediate access to the road. It is a rural area but next to the main state hwy through our area.
Comments for I have a verizon lease being transferred to American Tower
I am not sure how to evaluate the lump sum vs continuing the lease. by: Ralph B.
We can assit you in determining that. We are Financiers!!!
Editor's Note: Yes, Ralph has found our website. No, we will not let him advertise for free here. Ralph, go and get our own blog. Good day sir.
Apr 14, 2015 Rating
Your Verizon tower and offers by: Stephen
Hi Kathy. Don't feel pressured to sell. The other entities would love to buy your tower because they know that they can probably get a really good deal if they can get you to commit before American Tower takes over the lease.
You can count on American Tower coming back to extend the lease or renegotiate terms. That's your opportunity to make any adjustments to the lease.
How many carriers besides Verizon are on the tower?
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