2006-12-02 02:35:41 · 3 answers · asked by BugsySkybone 3 in Business & Finance ➔ Renting & Real Estate
The carrier has a termination clause that allows them to cancel with 90 days notice. They have my land tied up for 25 years, but can cancel at any time for pretty much any reason. I guess it's in case they merge with someone else.
2006-12-02 02:42:12 · update #1
That's a terrible lease contract. If I was your bank, I don't think I'd use it as collateral. But I'm not a lender.... they will probably consider how ling the lease has already been in effect, as well as what's the probability that the cell company is going to find other property nearby to replace it someday...
2006-12-02 02:46:32 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
That is a question you should direct to your bank. Each lender sets their own policies about collateral. I would think that a long term cell tower lease would be good collateral for most lenders.
2006-12-02 10:40:41 · answer #2 · answered by Flyby 6 · 0⤊ 0⤋
a 25 year contract on land.....cell tower no less...is pretty good collateral.....the odds of them canceling is like 'nil' and the bank can stipulate that you don't cancel. I should be so lucky
2006-12-02 10:45:25 · answer #3 · answered by curious115 7 · 0⤊ 0⤋