I sold my land but maintained easement rights and rents from sprint tower
by Rory
(Rhode Island )
SBA has contacted me to buy my rights to the tower. The sale of my land was in 2004 and I have signed past renewals with Tower Co in 2004, 2010 and 2012 I was told then if I sold the tower I would still be the seller . The sales agreement read:
"The parties acknowledge that SPRINT leases a portion of the Premises for a cell tower located thereon, which cell tower is owned by SPRINT. The Seller his heirs administrators and executors shall be entitled to receive the rents from the lease subsequent to the closing and for the duration of the lease contract with SPRINT and any extensions ghereof. The sale is also subject to an easement giving SPRINT the right to access the cell tower for maintenance and repaIrs.
I interpret that to mean I reserved the easement and can enter into the sale of my rights to the tower. My husband has passed away and I can use the money. Thank you for verifying that the verbiage means I have retained the easement .
Thank you
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