No One Should Go Without a Landline Phone

Top Things To Know About Selling Your Cell Tower Lease

29 March 2023

Carl Collins

If you are a landowner, at some point or another, you might have made a deal with a cell phone company. They might have signed a long-term lease with you to put a cell phone tower on your land, and you might get paid monthly for it. Now, you might be exploring other options, and you could be wondering if it's possible for you to sell your cell tower lease. These are some of the things you'll want to consider if this is something you're thinking about.

You'll Need to Check Your Contract

Of course, you should make sure that you are actually legally allowed to sell your cell tower lease, so make sure you look over the contract that you signed with the cell phone company. It is often an option, but it's never a bad idea to check first, just to be sure.

You Can Get Paid Well

When you sell your cell tower lease, you might be paid a substantial amount of money for it, and the money will likely be paid in a lump sum. This can be a good idea if you want a lump sum of money to cover unexpected expenses, buy or renovate a house, or even invest in other things.

There Are Companies That Can Help

Although you do have the option to talk to an individual who is interested in buying your cell phone tower lease, you may find you are better off working with a company that focuses on this type of thing. They should be quite knowledgeable about what to do, and they should be interested in buying your cell tower lease from you.

You May Want to Hire a Lawyer

Even though there are cell phone tower lease acquisition companies that will often help you through the entire process, it's not a bad idea to hire your own lawyer to look over the contract before you sign anything. Many lawyers will not charge very much for looking over the contract, and you can get peace of mind in making sure that you're taking care of yourself before you make a major business move.

As you can see, there are a few things you should know if you are thinking about selling your cell tower lease. Of course, you should put some thought into the process and its pros and cons before doing so. Once you do, you might find it's a good decision for you to make.

Contact a company like TowerPoint to learn more.

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About Me

I recently saw a story on the local news about how young adults today are skipping landlines when they move out on their own. I love cell phones like everyone else, but I think a landline is also important to have. Service usually only cost a few dollars each month, and they are very useful for emergencies. Since I have had my cell phone, I have misplaced it many times and I even dropped it in the bathtub once and had to wait several days for a new one. I don't think I could have gotten through those times without my landline close by to help me locate my cell phone and order a new replacement. I created this blog to remind young people today that home landlines are very important to have.