smart. Any one of a dozen provisions in a cell tower lease could cost you
dearly. When I say dearly, I mean 10s of thousands of dollars.

In my opinion, one of the worst mistakes a landlord will invariably make is to
accept, what is termed in the industry as a 'ROFR' or Right of First
Refusal. This clause gives the cell carrier or tower company (tenant) the
right to purchase your cell site lease at the same price and terms of any
offer that is acceptable to you. Let's say that you have been offered a lump
weeks to decide whether they want to pay the $100,000 for your lease.
They will normally will. On the surface this may seem benign.

The problem arises when you decide to sell your tower lease. The cell
carrier has no reason to make you an offer as they are paying you a
monthly rental payment for control of the site, including the right to
sub-lease the site to additional carriers, so why should they voluntarily
shell out a large lump sum if they don't have too to keep control of the site.

The ROFR or First Right Of Refusal in a cell site lease will prevent cellular
buyout firms from making you an offer. The tenant (cell carrier) will not
make you an offer and a buyout firm will not waste their time in writing you
an offer. So how do you sell the lease? You probably won't. In your case, I
sincerely hope I'm wrong.

Not scary enough? Some ROFRs include a provision that the site cannot
be conveyed separately from the property. The cell site AND the property it
is located on become inseparable for the term of the lease.

Not interested in selling your cell site lease, so you don't really care about
the effects of a ROFR? Who knows what financial needs you may have in
the next 30 years (normal original term of cell site leases).

Also must reads - "
Cell Tower Terminations",
Cell Tower Lease Co-Location Rents"
Cell Tower Lease Rent Reductions"

Cell Tower Leases - ROFR
'Right of First Refusal'

Own a cell site? Do you know what it is worth? We set record prices.

Trouble Selling Your Tower Lease

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Cell Tower Lease Sales

Get started in selling your cell site lease
What you need to know prior to selling your lease.

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Get an idea of what your lease is worth.

Joint venture
Rather joint venture your cell tower lease?

Cell Tower Leases

Can my cell tower lease be terminated?
Virtually every cell tower lease has a clause that allows the carrier to terminate (cancel) the lease.

What are lease tower co-location rents?
Co-location rents are a big deal.

Are lease rent reductions for real?
Intimidation is the keyword when it comes to rent reductions.

Is a right of first refusal in a cell tower lease a good thing?
A right of first refusal (ROFR) is an advantage for the tenant, not the tower owner.

What do I need to know when negotiating a tower lease?
Lease negotiations are sometimes about not what you know, but about what you don't know.

Cell Tower Owner Resources

List of cell tower buyers
Partial list of buyers.

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Cell tower articles
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Tower or rooftop cellular lease sales (RFP)

Why church cell leases are 'low hanging fruit.

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Australian cell tower site leases.

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Cell site leases in US.

Real Estate Brokers

Real estate broker information
How to make a 2nd commission.

Real estate broker information
How to handle property with cell towers.


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