9 Lessons Learned:

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. Know that cellular carriers would usually try to save money on their cellular lease rates, thus they are not paying as much with their rooftop and tower rentals.

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. 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.

Remember then to evaluate fast the offer given to you once you are being contacted in the installation of your cell tower or antennas on the roof of your property, so that you can figure out if you are receiving a fair one or a mediocre offer. Be informed that if you have other choices like in your neighborhood or a better location, you will have a good amount of leverage in your negotiation with the wireless carrier, for this will determine the amount of your lease.

Another way to have a better or fair negotiation is to pay close attention to the terms of the telecom lease and its confusing terms. Customers are generally not telecommunication experts and neither are their real estate lawyers, thus, asking the help of a cell tower lease expert would be a wise idea to understand the terms and agreements being offered.

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.

It is therefore advisable for you as the landowner or the property owner, who will face with the negotiation of a lease agreement, to first ask some pertinent questions and get answers from the agent who is interested to lease your area for a cell tower. Some of the questions you should ask from the agent is why he or she is looking at your property, what is the going rate of a cell tower in your place, what is the average lease payment that you can get, and so forth.

Cited reference: https://www.youtube.com/watch?v=BUPVNOEpFHw