As cell phone usage becomes increasingly widespread, consumers have the expectation of coverage all across the country, leading to more and more cell phone towers being built.

If you are one of the many property owners that has leased property for companies to build and operate cell phone towers, you may be owed more money than you’re actually getting. Because of recent consolidation of cell phone tower operators between Verizon, AT&T, and Tillman Infrastructure, a Verizon cell phone tower lease may be worth more than you’re currently being paid for the use of your property.

Cell phone tower operators have become more consolidated recently, with large service providers joining with tower builders. As a result of this, leading wireless carriers like Verizon and AT&T have been transferring massive amounts of leases to these operators.

Unfortunately, some property owners whose land these towers have been built on may be experiencing a breach of lease if information was lost as leases shuffled during consolidation. In some cases, property owners may not be being paid as much as they should be per their Verizon cell phone tower lease.

New Verizon Cell Phone Tower Lease

A new Verizon cell phone tower lease deal has been made between the cell provider giant and Tillman Infrastructure, a cell tower builder and operator, along with AT&T. The deal would mean that Tillman will be responsible for building cell phone towers, then leasing it to Verizon and AT&T. This could mean that your Verizon cell phone tower lease has changed hands, and you may be owed additional rent.

Consolidation of Cell Tower Operators

Cell phone towers have been built all across the country, and more on the way as better coverage is demanded. Indeed, there are currently nearly 215,000 cell phone towers in the U.S. The average annual cell phone tower lease rate is $45,000.

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 Verizon cell phone 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 Verizon cell phone tower lease, you may be owed up to hundreds of thousands of dollars in rent for the cell phone tower.

Filing a Verizon Cell Phone 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 get you the answers you need, and may result in considerable additional rent money from major players like Verizon and 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, and it may also cover the cost of litigation and attorneys.

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