Looking On The Bright Side of
June 13, 2019
Know the Bargains for Your Cell Tower Lease Rates
It is good to know cell tower lease rates in your area and be able to negotiate cell tower lease for your particular needs. Usually, it is difficult to evaluate cell site lease rates, thus it is advisable to ask from cell tower lease experts about cell tower leasing agreement. As far as cellular lease rates, cellular carriers are generally trying to save money and would try not to pay a good amount for rooftop and tower rentals.
The process in leasing cell sites would be that landlords and property owners will be contacted by the carriers, with the aid of third party site acquisition leasing companies, who are being paid in order to identify sites and get the lease signed for the new cell tower site. Know that these companies are paid based on the rental price and the terms they are able to negotiate with the clients, which means, that the better terms they get for the carrier, the larger bonus payment they will receive. These carrier leasing companies are also paid premiums if they can turn the lease around fast. Be aware therefore that the worse deal you will arrive with the carrier leasing company, the better is their bonus afterwards, so be wary in making the deal.
Remember then to evaluate fast the offer given to you once you are being contacted in the installation of your cell tower or antennas on the roof of your property, so that you can figure out if you are receiving a fair one or a mediocre offer. To further determine your leverage in deciding for the amount of the negotiation, it is good to know if you have other choices, like in your neighborhood or a better location, where the wireless carrier can go.
In order for you to make a good deal in the negotiation is for you to pay close attention to the telecom leasing terms and to understand its language. Considering that most of us are not telecommunication experts nor are our real estate lawyers, it is advisable that we get the help of a cell tower lease consultant to help us understand the terms and agreement.
There are various cell tower lease rates offered to landlords in the different parts of the country for tower and rooftop leases that you should be aware of.
So when you as the landowner is faced with the negotiation of a cell lease agreement, it is good to first ask some questions from the agent who is interested in leasing your space for a cell tower. Among the questions you should ask is the on-going rate for a cell tower in your area, what is your average lease payment, why is the agent looking at your property, and so on.