Top 3 Legal considerations when selling your cell tower lease
Selling a cell tower lease can provide substantial financial benefits, but it also involves complex legal considerations. Understanding these legal aspects is crucial to ensure a smooth transaction and to protect your interests. This guide explores the key legal factors to consider when selling your **cell tower lease. Understanding the Cell Tower Lease Agreement Before selling your cell tower lease, it’s essential to thoroughly understand the existing lease agreement. This document outlines the terms and conditions, including lease duration, renewal options, rent payments, and restrictions. 1. Lease Duration and Renewal Terms Check the duration of your lease and any renewal terms. Buyers typically prefer leases with longer terms remaining, as they provide more stability and predictability. Example: If your lease has only a few years left, it might be less attractive to buyers compared to one with 15-20 years remaining. 2. Rent Payments and Escalation Clauses Review the rent payment st...