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.