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.
To start a lease, landlords and property owners are generally approached by the carriers through third party site acquisition leasing companies, and these companies are paid to identify the sites and in getting 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. It is therefore advisable to be careful in making your deal with the carrier leasing companies considering the worse deal you get the more money they make.
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. 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. In most instances, you are not a telecommunication expert nor your real estate lawyer, so it is good to contact or ask a cell tower lease expert to help you out.
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.
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. 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.