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. Since evaluating cell site lease rates is difficult because of its unavailability for comparison, asking experts in this area or visit their website would be a good idea. 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.
Usually, property owners and landlords are contacted by carriers, through a third party acquisition leasing companies, who identify sites and get lease signed at a new tower site for the cell and get paid for the job. The payment of these companies will be based on the rental price and terms they are able to negotiate, so the better terms for the carrier, the more money the leasing consultant will make. If these carrier leasing companies can turn the lease around fast, they could be paid premiums too. 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. It is also good to know if you have other choices where the wireless carrier can go in your neighborhood and a better location, since this will determine your leverage in the amount of your negotiation.
Another tip for you in negotiation, is to pay close attention to the telecom leasing terms and its complicated 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.
It is important that you know of the different cell tower lease rates that are offered to property owners for the different areas of the country, for the tower and rooftop leases.
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.