Whether you would like to better understand an existing cell tower lease, are considering purchasing or selling a property with a cell tower lease, or are just curious about this investment segment, the cell tower lease e-book being offered here today should prove very helpful, and will cover the following topics:
What is a cell tower lease?
Cell tower leases market overview and history
How are cell tower leases structured?
Important lease components, restrictions, and conditions
Determining market lease rates
Annual or periodic escalators
Monthly or periodic payments
Calculating lease values – discount rates, multiples, and capitalization rates
Rights of First Refusal (RoFRs)
Lease duration – option term, initial term, and extension terms
Surveys – what are they and what do they do?
Fee simple interest versus leasehold interest
Perpetual and term easements
Purchasing property including a cell tower lease
Purchasing a property subject to a cell tower lease
Risks of selling a cell tower lease separately from the underlying fee simple real estate
What are a Subordination, Non-Disturbance, and Attornment (SNDA) agreements?