October 29, 2015: Jonathan Kramer and John Pestle to lecture on live 90-minwebinar regarding ‘Selling Your Cell Tower Lease.’
Jonathan Kramer and John Pestle, who are both national experts in selling cell tower leases, have teamed up many times over the years to present this very popular webinar.
Property owners with a lease for a cell tower or cell antenna on their property routinely receive six-figure offers to buy the lease and future leasing rights.
While attractive, those offers – typically structured as very long term or perpetual easements – pose unusual legal, financial, and technical risks that the property owner and its regular attorney typically are not familiar with. And unsolicited offers are usually too low – well below typical sales prices.
This webinar will guide cell site landlord/property owners and their attorneys as they evaluate and respond to such offers. It includes covering what drives the offers, typical prices, how to evaluate financial terms to determine whether selling makes sense (and when it doesn’t).
Webinar attendees will be better able to evaluate purchase offers, identify and modify the very one-sided documents offered by purchasers, and address some of the risks involved in a sale. Such risks include making sure the property owner is not hindered in developing or using its property, ensuring that future sums promised by the purchaser in fact are paid and the contract honored (and the sale terminated if they are not), insurance and bankruptcy protections, as well as questions as to the financial solvency of the buyer. These risks increase as the easement term increases (typically from 50 years to perpetual) given that the property owner continues to own the underlying property.
Government agencies face all of the preceding issues, plus special questions of municipal authority, compliance with municipal finance/procurement statutes, prohibitions on waste, and risks of accidentally triggering property reverters.
Because this is a live webinar, Messrs. Kramer and Pestle will stay on, even after the 90-minute allowed period, to answer every question posed by the attendees. From past presentations, you should allocated 2-hours if you want to stay on for every question. You will be able to ask questions via a chat box, or by using your telephone.
The regular fee for the webinar is $219, but as a special offer to Telecom Law Firm web site visitors, you can attend for only $110. To receive this special discount, please use the following link to register online: CLICK HERE FOR THE DISCOUNT
If you have questions about this webinar, please feel free to contact Mr. Kramer. His direct line is (310) 405-7333.