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Sprint/T-Mobile “Landlord Release Agreement” Trap?

We’re seeing Sprint sending some landlords a “Landlord Release Agreement” in connection with Dish Wireless that contains:

Release. Effective as of the Assignment Date, Landlord, for Itself and its affiliates, successors and assigns, does hereby forever release and discharge Tenant and its affiliates, partners,
employees, agents, successors and assigns of any and all liabilities and obligations arising from or relating to the Lease from and after the Assignment Date.

Most savvy cell site landlords will recognize the inherent danger to their lease security by agreeing to this little stinker clause.

If you receive any sort of release agreement from a wireless carrier (either directly or via one of their agents), take the time before you sign to get a qualified legal opinion regarding the terms of that agreement.  In some or many cases, the true benefit flows solely to the exiting carrier, not to the landlord!

Jonathan

 

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