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).