modifying or terminating a lease agreement

by Kim
(Bend, Oregon)

I live in Oregon. In 2009, my father-in-law signed a lease agreement with AT&T to have a cell tower placed on his property. AT&T specifically picked the site do to its proximity to the local airfield as the placement site is the only one in the area that allows a tower of its type to be within the airport safety zone do to some related FAA extenuating circumstance (negotiated rate of $600 a mo.). Anyway, dad died not long after & now my elderly mother-in-law is trying to sell their beautiful home on 6 acres but no one wants the tower eyesore or its worthless $600 mo. income. And, I agree with them. I've always felt the folks were taken advantage of. I truly believe the cell site is very precious to AT&T and think they would pay more per month if they were "persuaded" in the right way. According to the contract the lease is do to renew automatically may 2014. Is it possible for my mother-in-law to request in writing that the automatic renewal be postponed in order to modify the terms of the lease or is it too late?

Comments for modifying or terminating a lease agreement

Average Rating

Click here to add your own comments

Oct 29, 2013
Rating

Find a buyer.
by: Anonymous

Kim,

I agree with anonymous. Contact a buyer and see what they will offer you. AT&T probably has the right of first refusal. That means they can up the price of anyone's offer so you don't sell to anyone else.

Oct 19, 2013
Rating

Tower has value beyond monthly pmt.
by: Anonymous

Hi

The $600.00 per month has a present cash value that may surprise you. There are many companies that buy the "lease" or stream of payments. I have a lease on my manufacturing property with ATT, SPRINT, and Clearwire. I have a current offer of $800,000 for my lease.

Years ago i was offered $65,000 for it. Imagine if i had sold.

Some cell tower buyers are, Unison, Crown castle, American Tower, WPC, around 15 to date have contacted me.

Good luck

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 AT&T Lease Agreement Questions.

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.