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
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