Know Comparable Data for Your Cell Tower Lease Rates
It is advisable to know the various tower leases where your potential cellular site will be located. 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. Saving money is the common concern of cellular carriers for their cellular lease rates, thus payments for rooftop and tower rentals are not really that enough.
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. The payment of the leasing consultant will be based on the rental price and terms they are able to negotiate, which if it is for the better terms for the carrier, the consultant will have the potential of a larger bonus. Turning a lease around quickly would also mean for the carrier leasing company to be paid premiums. You are therefore advised to be wise in making your deal with the carrier leasing company since they could give you a worse deal that would mean more money for them.
So, as you are already contacted to install on your property the cell tower or antennas on your rooftop, act immediately in the offer presented so that you can decide if the offers given are fair and not a mediocre one for you. Be informed that if you have other choices like in your neighborhood or a better location, you will have a good amount of leverage in your negotiation with the wireless carrier, for this will determine the amount of your lease.
Another way to have a better or fair negotiation is to pay close attention to the terms of the telecom lease and its confusing terms. 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.
For the tower and rooftop leases, it is important to know that there are different cell tower lease rates that are offered in the various areas of the country to the landlords or property owners.
Therefore, if you are the property owner who is faced with the negotiation of a cell lease agreement, it is advisable that you first ask some questions from the agent who is planning to lease your space for the purpose of a cell tower. Some examples of the questions you should ask from the agent are the going rate of a cell tower in your area, why the interest is on your property, what could be your average lease payment, and others.
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