quote:

Originally posted by Bassamatic:
If you are talking about a claim of adverse possession by them there is no way that could happen with a recorded lease present. I would think that would be the least of your worries.

If these leases are in fact 25 years, that is a long time. They will reserve rights to access the property for maintenance or repair...at their discretion and whenever they feel like it. Also, that lease would have priority over a future Loan that you might want down the road. A bank won't go for that and I seriously doubt that the Lessee would subordinate their lease to any Deed of Trust. Any future sale of that property would obviously be subject to the lease.

Man, unless you really need that rent money, I would avoid this like the plague.

quote:

Originally posted by dewhorse:
Are you talking about one of the major MLA's (Tower companies) American tower, SBA, Crown or an actual Cell carrier?

The carriers have shed most of their tower in the past years, selling them to the MLAs.

I have never heard one of the majors missing an established payment. I have heard of property owners being out of sync as to when the check is sent....sometimes they have called about the payment being a couple days late but it gets there. This is due to the MLA doing their payments at the same time each month.

I am not a site acquisition specialist or a lawyer but have been in the Development side for 20+ years.