Steel in the Air has been contacted by buyers, like you, who want to know how to transfer the rental payments, believing that the rent is owed to them, only to discover that the cellular lease has already been sold to a third-party buyout company (or, in some cases, the seller of the property will decide to hold onto the lease). If this is the case, then you won’t be receiving any rent, but we advise you to be assertive about getting the information anyway. You should know who owns the rights to any leases on your property – because there is a chance, due to future carrier collocation, that you might be involved with lease expansions or additional ground space leases (in the case where you own land) down the road. In other words, it is your business to know this information, whether or not you will be receiving rental payments.
If the seller confirms that the lease will be transferred to you (along with the rental payments), then you should ask the following questions: