I currently have 45 yrs. left on a 50 year lease with American Tower for which I receive a monthly fee that increases by 10% every five years. They now want to change my lease to a perpetual easement with a 5 to 7 year payment plan with a lump sum payment at the end.
I plan to retire in the next five years at which time I would like to sell my property.
Is this new offer the right way to go in my situation.
I don't know what state you are in but I am in Washington State, King County. There is a law, not sure of state or county that allows the segregation of the utility (cell site) from the remainder of the property resulting in two separate parcels.
You can keep the leased cell site and sell the remaining land with the house.
Jul 11, 2014 Rating
Depends on how long do you plan on living? by: Anonymous
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