Frequently Asked Questions
If you’ve got questions about the telecommunications asset acquisition field, who Symphony Wireless is, or what it is exactly that we do, you’re not alone. We often get asked the same questions by our potential customers, so in the spirit of having a straightforward, no-nonsense business format that is in line with our values, we composed a series of commonly asked questions and their answers.
Read below to find out more!
It depends. Your asset is like any other piece of real estate and 2 towers that look the same can have very different values based on a number of factors, including the current monthly rent, lease escalations, location etc. The starting point for any offer is to take a look through the lease agreement to understand the terms.
Typically, once we have all the necessary information it takes about 1-2 days to receive an offer. Closing the transaction can be as quick as 30 days!
No. We purchase an easement, which is quite common and recorded on your property’s title chain—something that gives clear information to a potential buyer if you decide to sell the property later! The easement gives us the rent from your lease, but it is not the same as, say, a tax lien, which comes from a claim for unpaid money and can be a problem if you go to sell.
Symphony is well capitalized and all transactions are paid in cash at closing. Hear what others have to say.
No, you’ll still be the owner. The easement lets us take the rent from the lease and put on new tenants or renew existing ones, but it doesn’t make us the owner.
No. Think of it like this: you’re selling the rent on your property because you can get top dollar up front. Symphony Wireless is paying a lump sum for the future rent that comes from the site. That lump sum is then your money to do with as you wish! In exchange, once the rent stream has been sold, it is owned by Symphony Wireless.
Most of the time, yes. But we will review the lease closely before signing the contract to make sure it does. After all, we wouldn’t want to spend the money if the contract wasn’t allowed by the lease!
The portion of your property covered by the lease will still be used for wireless communications just like before. Symphony Wireless will take over negotiating renewals and new leases with wireless tenants, which is a hassle you won’t have to worry about anymore. And in the event tenants leave the tower for whatever reason, well, you don’t have to worry, because you took your money up front.
Our easement will not prevent you from selling your property. It simply passes to the next owner.
Ready To Get Started?
Contact Us To Begin Proceedings, Today!
After reading through these questions and answers, we’re confident that you’re now sufficiently informed about who we are and what we do. If you feel that the answer to the question you were looking for wasn’t acknowledged in the section above, please don’t hesitate to reach out to us directly. Visit our contact page and submit a form with your questions. A member of our warm and knowledgeable team will contact you shortly!