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Cell towers are vertical structures ranging from 100 to 400 feet in height. Equipped with antennas, they transmit radio signals to mobile devices within their reach. Cell tower leases represent a tremendous financial opportunity for the landowners of residential and commercial property — if they negotiate properly. Click here to watch. Rofr clauses provide a contractual right to the holder to enter into a business transaction with the owner of a cellular site before that owner is entitled to enter into the transaction with a third.