Know Comparable Data for Your Cell Tower Lease Rates
It is recommended that you have cell tower lease rates comparable data in the locality where you will locate your cellular site. Usually, it is difficult to evaluate cell site lease rates, thus it is advisable to ask from cell tower lease experts about cell tower leasing agreement. 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.
The process in leasing cell sites would be that landlords and property owners will be contacted by the carriers, with the aid of third party site acquisition leasing companies, who are being paid in order to identify sites and get the lease signed for the new cell tower site. The payment of the leasing consultant will be based on the rental price and terms they are able to negotiate, which if it is for the better terms for the carrier, the consultant will have the potential of a larger bonus. 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 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.
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 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.