- Nov 1, 2005
- Professional Status
- Certified Residential Appraiser
I'm doing an appraisal of residential home on a 5 acre site. The property has a cell phone tower that the home owner is leasing to the cell phone company for $775 a month. The use is legal. I would believe that the lease of the cell phone tower encumberances the property. So would the appraisal be done as leasehold? Or is my logic wrong?