Are you a property owner that has leased property for companies to build or operate cell phone towers? Because of recent consolidation of cell phone tower operators, an AT&T cell tower lease or lease from another company may entitle you to more money than you’re actually getting.

Recently, cell phone tower operators have consolidated, leading wireless carriers to transfer large numbers of leases to the operators. A cell tower lease on your property may not be bringing in as much money as it could be because of a breach of lease, lost in the shuffle as things transferred due to the consolidation.

New AT&T Cell Tower Lease

A new potential AT&T cell tower lease may have been transferred to the American Tower cell phone tower company. American Tower reported in 2017 that it expected to add “at least $100 million in additional straight-line revenue,” which analysts believe is from joining up with AT&T. This could mean that your AT&T cell tower lease has changed hands, and you may be owed additional rent.

Consolidation of Cell Tower Operators

Cell phone towers are more widespread than you might think: there are nearly 215,000 cell phone towers in the U.S. The average annual cell phone tower lease rate is $45,000—quite a substantial sum for a property owner.

Recently, major phone companies like Verizon and AT&T have made deals with major cell phone tower operators. Land leases have been transferred to new hands which may lead to a AT&T cell tower lease being worth much more than even the property owner is aware of.

This is because cell tower leases often come with provisions that require the tenant to make supplemental payments to the property owner in certain circumstances. When cell phone tower leases were recently reviewed, it was found that major tenants may be in breach of this provision.

What does this mean for property owners? If you are the property owner on an AT&T cell tower lease, you may be owed thousands of dollars in rent for the cell phone tower.

Filing a Cell Tower Lease Lawsuit

To determine whether property owners are owed these kinds of missed lease payments, a cell tower lawsuit investigation has been launched. Joining a cell tower lawsuit investigation can help get you the answers you need, and may result in considerable additional rent money from major players like AT&T.

If a property owner is found to be owed rent for the lease, a lawsuit could make sure the tenant is liable for all past and future payments of the rent, as well as cover the cost of litigation and attorneys.

If you own property with an AT&T cell tower lease or lease to another carrier, you may have a legal claim.