So you are sitting on a property with a cell tower lease buyouts but are getting buyout offers. Should you take these offers or pass? That really depends on you and what you would like to get out of the situation. If you are content with a small monthly fee, then you can ignore these and continue with your original contract. If you would like to get a higher sum upfront instead, then cell tower lease buyouts are perfect for that. Use the lump sum for medical bills, tuition fees, debt payments, investment opportunities, or business capital. Just make sure to ask pertinent questions before you accept the offer.
What happens if the lease gets cancelled?
Lease contracts typically have multi-year terms. For example, yours could be for 10 years and let’s say it has only been 2 years since the start. You still have 8 years worth of lease payments to collect if you push on. Buyout companies will entice you with a large cash payment in exchange of this so that they can collect the monthly payments instead. There is a possibility that the cell company will try to terminate the lease in the future. If that happens, will you be forced to pay back the amount they will lose? Make sure that the contract specifies that the buyout entity will be the one assuming the risk.
Can you match the highest offer?
In the example above, you cannot expect an exact 8 years worth of lease payments for the lump sum. They will need to profit from the exchange, after all, so they are likely to offer only a percentage of this. Your reward for accepting is the fact that you will receive the bulk of the money years in advance. Of course, you could persuade them to increase their offer by getting estimates from similar companies and letting them know about the highest bid. See if they can match this to make it worth your while. The competition keeps them honest.
When can you provide the lump sum?
Since the major selling point here is the faster and larger upfront payment, you should get a good estimate of the amount of time that it will take for the process to be completed. When will you actually receive your money? Will they mail a check? Are they going to deliver to you in person? Are they going to make a transfer to your bank account? Check if there are other people who have come into contact with this company and ask about their experiences.
