In 2020, cell tower consultants are increasingly reaching out to tall building owners to discuss cell towers lease agreements. They are trying to negotiate new deals or renegotiating existing agreement and contracts. There is an enormous need for more cell towers are much of today’s lifestyles are built around cell phone use.
Telecommunications companies are increasingly reaching out to property owners to discuss cell towers lease agreements — whether it’s negotiating new ones or renegotiating existing contracts. After all, much of today’s lifestyle is built around cell phone use. The expanding reach of cell phones is also what increases the need for proper coverage. One could make the argument that these cell towers have become the very backbone of modern life with emerging cell tower lease. Yet, many people who are contacted don’t understand the full value of a cell tower on their property.
It is in the cell company’s best interest for property owners to think they are in a win-win situation. Property owners are always told the story that they are getting easy money, which comes in through rent paid by the cell company. This may be true, but there are several factors property owners should know before signing any paperwork for a cell tower agreement. Here are three things to consider:
Know your real rent value.
Communication companies will often make an initial offer that includes misleading, high-pressure tactics and language. For example, property owners may be told that engaging in negotiations will cost them the potential cell-site lease opportunity. This is often false on cell tower lease rates. Property owners need to understand that they are the ones bringing real value in the negotiation. The tower company needs their land.
Remember: Each tower site has its own unique value, which is increased when other possible locations aren’t available. There is no open market value for comparison in these cases, so asking neighbors with existing contracts is not an accurate comparison.
Additionally, consider what is the optimal rate today, in 5 years, or 10? Since cell tower companies are looking to protect their own interests, the initial offer will be substantially lower than the real rent value over the life of the contract. Read more!
Consider long-term implications.
Cell tower lease agreements may be structured for up to 90 years. No one can predict the future, which is why property owners need to structure flexibility and protection for their land and rights. Otherwise, they will be at the mercy of the cell tower company’s terms — terms which are meant to protect the company, not the property owner.
For example, what happens if a property owner wants to sell the land and cannot terminate the lease agreement? What if a property owner wants to make changes or improvements to the property but is restricted by the location of the tower, the cables, or other supporting equipment?
Watch out for possible exposure.
Property owners need not only to consider what they are gaining with a cell tower agreement but also what they may be giving up — as well as the financial liability they may incur.
Will the property value decrease with a cell tower site? If the tower is damaged accidentally by the property owner who is responsible for the cost of lost service to the cell tower’s consumers, then the cell tower lease rates change.
Cell tower lease agreements can provide excellent passive income opportunities for property owners, but all options must be carefully weighed. Though an initial offer may have appeal for the short-term, the long-term consequences will be significant. As with any contract or long-term agreement, property owners considering cell site lease agreements should seek counsel from a professional before making any final decisions. Check out this site: https://ezinearticles.com/?Cell-Tower-Lease-FAQs&id=2542387
If you are perusing this you definitely know, the correct cell tower lease consultant can be an enormous resource for have in your group! Have you been drawn nearer for another cell tower lease, a lease reestablishment, or a lease buyout? The correct cell tower lease consultant can spare you time and get you more cash-flow.
What criteria would it be a good idea for you to look when hiring a cell tower consultant? We share with you the Top 7 Things to look for in a Cell Tower Lease Consultant!
1. Pertinent Recent Work Experience on the Carrier Side
When hiring a CPA, a CPA who as of late worked for the IRS is of higher incentive to you than a CPA who worked for the IRS 10 years prior or possibly never. The CPA with ongoing background will have within track on the opposite side and will realize the government assessment code all around.
A similar thought applies to cell tower lease consultants.
2. Excellent Track Record of Results
You are hiring a consultant for a certain something – results. Guarantee your consultant has a demonstrated reputation of results that address your issues.
- It is safe to say that you are hoping to expand rents?
- Migrate a cell tower?
- or then again sell your cell tower lease?
Have your cell tower consultant give you their reputation of results. Anyway be careful about numbers that look ridiculous (lease increments of 300%+). On the off chance that it sounds unrealistic it is. Discover somebody you can believe who will give you sensible outcomes. Click here!
3. Comprehend Your Expert’s Proposal And Fees
Chat with your consultant to unmistakably characterize the proposed extent of work. On the off chance that their proposition incorporates something that was not talked about that could be a warning.
Some cell tower lease consultant’s charges need 20%+ of all your lease for the remainder of the life of the lease. Watch out! On the off chance that it doesn’t sound right it most likely isn’t right. Call us and we will talk about a reasonable expense structure that works for you.
4. Affirm You Are Working With the Owner of the Company
As the cell tower consultant develops so does the size of the staff of counseling firms. Try not to enable yourself to be passed off to a “Counsel” who isn’t the “Organizer”. At Airwave Advisors you will consistently be working with our author who is completely dedicated to getting you results with top of the line client care en route. You merit the best – don’t make due with less.
5. Customer References From Accredited Institutions
Guarantee you are working with top bore ability and require references from certify establishments. Wireless transmission Advisors has given master cell tower consultant conference to the country’s top business land organizations, colleges, medical clinic frameworks – the rundown continues endlessly. Solicitation references from the top licensed establishments to ensure you are managing a top level cell tower lease consultant.
6. Guarantee Your Consultant Is Insured
In the event that you are tolerating proficient counsel and administrations from your consultant ensure that consultant is guaranteed. At any rate your cell tower lease consultant ought to have Professional Liability Insurance, all the more ordinarily known as an Errors and Omissions Insurance Policy. This arrangement helps both the policyholder and the customer in the occasion harms are granted to the customer because of carelessness.
7. Ensure You Will Enjoy Who You Work With
Life is short, have a fabulous time! A few cell tower consultants can be jerks while others will be increasingly friendly. Ensure you appreciate who are working with! Most exchanges will take months if not over a year to close. Check out this site: https://ezinearticles.com/?Cell-Tower-Lease-Kiss-of-Death&id=5865131
What do you know about a cell tower lease? To be honest, a lot of people don’t really know much about cell tower leasing and often get short-changed in the deal. That’s not a nice place to be because while everyone is entitled to make money, it’s not fair to stiff the owner of the property! When it comes time to negotiate you might think it’s all a piece of cake but in reality it’s not! The companies looking to lease the cell tower will be looking to save money and of course you’re looking to make more and so it’s going to be an old-fashioned battle at the negotiation table! Learn more regarding leasing land.
Without An Attorney the Company Might Try To Short-Change You
A lot of property owners agree to cell tower leases without an attorney present. There is nothing wrong with that as long as the owner understands what the lease means to them. The trouble with not having an attorney present is that some companies might decide to try and squeeze every penny. What does that mean? Well, it may lead to a reduced offer over rental per month or per year, depending on how it’s being negotiated. However, that means you’re losing out. It’s very important to get a cell tower consultant before agreeing to any costs if you aren’t dealing with an attorney. It’ll be the practical way to avoid losing out.
Don’t Be Afraid To Negotiate
You cannot be afraid to go to the negotiation table and negotiate! A lot of property owners think any offer is a good offer and are willing to take it without really thinking practically. It’s very important to think and maybe even go to the negotiation table just to see if that’s the company’s very best offer. You might not agree to that but it’s really important and something which will help during the cell tower lease agreement. Both parties can see what the other’s limits are and then work to suit themselves and the other. It’s wise to negotiate just so the other side doesn’t think you’re too chicken to ask for a better offer. Click here for more detail about land examining and real estate transactions.
Think Before You Agree
Do you feel a yearly increase of 3% is fair? Is it possible to maybe get 4%? These are the things you have to think about in the short and long-term! If a company is willing to go to 4% but you agreed to 3% you’re losing out on hundreds of thousands of dollars over the years and that’s crazy! However, you cannot be too greedy and try and push the rates per year up because people will walk away and find another location. It’s important you think very carefully about the costs before agreeing either way. You may want to speak with a cell tower consultant and see what they can suggest for you and the price. For more guidelines, visit: https://lucytamajon.com/negotiating-a-cell-tower-lease-getting-help/
Get the Right Deal
Cell towers are everywhere it seems and more and more internet and mobile companies have to lease them from property owners. That can be a great thing for lots of property owners simply because they can make a little extra. However, you have to ensure you don’t get bogged down over costs and you have to make a good decision over rates and increases too. The right deal will make all the difference with a successful cell tower lease.
Have you ever negotiated a cell tower lease? To be honest, there are very few people who have personally dealt with these contracts and it’s not difficult to see why. The subject of cell towers aren’t something which a lot of people are familiar with and it makes it all a little bit confusing after so long. It’s so important for you to get help when dealing with a cell tower lease, and there are a few things you really need to know.
Do Some Basic Research over Rental Prices in Your Area
First and foremost, do you know what a cell tower rental is worth? You absolutely have to conduct some basic research over rental prices within this local area. Why? You could be short-changed in the lease and you don’t want that at the end of the day. You absolutely want to ensure you’re getting value for money and the best deal possible so you can’t sit back. You’re the one who is accepting the deal and you have to ensure the deal is fair for you as well as the company renting the property from you. It’s so important to talk to a cell tower consultant if you’re not sure what to do. Whatever you decide, you do need to do some research over costs. Click here for Property Market Statistics.
Think About How Much The Added Hassle Of The Tower Will Cost You For The Next Two Decades!
Let’s be honest, there is some level of bother when it comes to having a cell tower installed on your property and that’s something you have to consider. You’re going to create a new lease with a company who wants to rent – that’s fine – but what about the hassle on you and your family? Do you think there is fair compensation within the contract? That’s something you really have to think about when dealing with a cell tower lease. You want a fair deal at the end of the day. Get experts opinion on https://www.towerleases.com
Call A Professional Consultant Or Attorney!
Sometimes, it’s really tough to tackle the negotiation stage without some form of help. If you haven’t dealt with cell tower leases before, it’s all very confusing, which is why it’s time to call in professional help. You should always have an attorney, lawyer or professional consultant at hand when it comes to negotiation a lease because they know best! They are the ones that may be more able to deal with the negotiations than what you are. That’s potentially very useful and it might make it easier in the long and short-term too. A good cell tower consultant can help in a big way and you shouldn’t be afraid to ask for their help either. Learn more about professional consultant.
Get Help and Get a Fair Lease
Dealing with cell tower leases are confusing at the best of times and if you aren’t familiar with them, you really do need help. It’s fine to try and tackle this on your own; however, you do have to be extremely careful. You want to ensure the lease is fair for you and your property but also going to be profitable too. It’s important to do your own research over the matter in order to get the best value for money and it will make a real difference to say the least. Negotiate your cell tower lease and ensure you’re getting the best part of the bargain!
Cell Phone Towers, Cell Tower Lease, Real Estate
Homeowners don’t think too much about hiring the services of a cell tower consultant, and yet they are some of the most valuable services available today. One of the greatest things about being a property owner is that when a company comes knocking at your door asking to host a cell tower on the property, you have one fantastic bargaining chip to deal with. So, what bargaining powers do you have when negotiating over leasing a cell tower?
Sublease and Co-Location Fees
One of the most important bargaining chips any property owners have is with the sublease and any co-location fees of the tower. For example, a company may choose to initially rent the property out in hopes of using the cell tower for their own means but that may later change. They could decide to sublease the tower out to others and that’s where you can benefit too. In the lease or contract you create with the company, you could put a clause which states if the tower or property is subleased by another company the owner is to get a portion of the fees. That’s a great way to keep cell tower lease rates reasonable for the companies and profitable for you. Click here for more information.
Early Fee Termination
Let’s say for a moment that the company renting the cell tower wanted to unexpectedly terminate their service early, what would you do? Well, you could lose out a lot of money if there is nothing in the lease about early termination and this could be your bargaining power. As a property owner you could set out the term in which states, if the company chooses to terminate their service early and stop using their site as location of the cell tower, they will pay the property owner a fee. It’s a useful clause to have and a cell tower consultant may say to you this should be added in the lease contract as well.
Rent and Revenue
You are the one who can essentially set the rents for the companies. You can say you want to achieve so much from the cell tower lease rates and if the company is happy with that rate they will agree to pay. However, some companies may try to negotiate the price which is why you shouldn’t start with your lowest or base line offer, go high and see what the companies can offer. You are the owner and you’ve got a great bargaining chip in play. You can set the rent if you want to and that may determine what sort of revenue you make also. Learn more about cell tower leases.
Set the Terms
In a way, a homeowner has to be firm when allowing a company the use of their land. While the company can always choose to go elsewhere, there was a reason why they choose you. You have the prime land and it’s you that has great bargaining powers too! However, you cannot be greedy in trying to get more money from the company, even if you’re tempted! What you have to do instead, is to look at what your bargaining chips are and then make your move. You cannot be afraid to talk about rates or annual percentage increases because they can be important to you as it can be to the actual company. Ensure you have a cell tower consultant to help you during the negotiation phase and it’ll potentially avoid you missing out. For more information, visit: www.gov.uk/private-renting-tenancy-agreements
You have the offer to get a cell tower lease when they are building a cell tower on your property. However, is this something that you should allow or not? There are so many that are wondering if this is worth the money you are getting. Or, if this is a bonus to have a tower build on your land and getting some extra money out of it. With knowing the things that you are giving up versus what you are gaining, you will know if this is something that you should consider doing.
You will be able to gain some extra cash on a long-term basis
This is the main thing why people are considering getting a cell tower on your land. You are going to get money each and every month, for a long time. It can be as long as 90 years. The cell tower lease rates are also great and increasing by the year.
It is financially a great benefit to allow a cellphone tower on your property. You will always have an income for as long as you own the land.
Lowering your land’s value is a possibility
Now, the one thing that you might lose with this type of deal. You have a high possibility to lower the value of your land or property. This can have a huge effect on you in the long run. You will not get the price you wanted when you are planning to sell the land. The cell tower lease will not make up for this type of loss. Even in the long run. Check here!
The longer the tower is active on your land, the lower your land might become. This is something serious that you should consider before you are going to allow them to build and cell towers on your property.
They are doing all the work and give all the capital for the tower to be built
Another thing that you are gaining. You are going to get the money for something that you didn’t spend money on. They are always saying; you need to spend money in order to make money. But, with allowing a cell tower on your property, this is exactly what you are going to get.
You aren’t going to spend a cent in order for the tower to be built. However, you are going to get monthly cell tower lease for as long as the contract states. Making this a great extra income each and every month.
Is this a good or bad thing to allow a cell tower on your property? Some might say yes, while others will say no. There are many that are claiming that the tower can make people sick and gives cancer. However, there isn’t any proof of that speculations. If you want to have some extra money each month, and enjoying the cell tower lease, then this might be something that you will be gaining from. For more information visit: https://smallbusiness.chron.com/far-can-cell-tower-cellphone-pick-up-signal-32124.html