Absolutely.
If you are buying a piece of property with a cell tower on it, the first thing you MUST do is ask the seller how much rent the lease is paying. Sometimes property owners have already sold the lease rights to a third-party, and you won’t receive any rent.
Likewise, if you are selling a piece of property with a cell tower lease, you should consider offering the property inclusive of the lease and without it. Typically, we find that traditional purchasers of real property do not value cell tower leases as highly as companies that buy cell site leases.
In either scenario, please contact us and we can help you think through the options available to you.