Category: Cell Tower Lease

When you’re presented with a cell tower lease, your first instincts are to handle the negotiations personally. It’s a nice thought and a good way to save you money – however – it isn’t always a positive outcome. There are lots of technical and legal jargon thrown into a lease; if you don’t understand what those terms mean, you could draw the short straw. So, a consultant is a necessity, but how can you choose an expert in the field?

Consider their Work Experience

Working 10-years as a chef in a renown bakery may look great on a resume but doesn’t help you with your lease. Remember, you want an expert who has a few good years of experience behind them (working in the appropriate field, of course). It’s crucial to take a few minutes to look at the background of the cell tower lease consultant and ensure they have the relevant experience. Ideally, you want an expert that has dealt with hundreds of cell tower rental agreements or contracts. It’s more likely they will negotiate for better terms than what you could.

Great Referrals or Background

Referrals are excellent benchmarks for anyone looking for an industry expert. It is, however, sometimes difficult to obtain them for various reason. For instance, some clients might want privacy, while the consultant might not want to list any current or former clients. Of course, if you can get any referrals from friends or people you know, that’s a bonus. You also need to consider the type of educational background the consultant has. While a cell tower lease might seem pretty straightforward, a lot of things can go wrong. You, ideally, want an expert with the right training to handle any situation that might arise.

Know the Fees of a Cell Tower Lease Consultant

Consultants shouldn’t be shy about what they will do on your behalf. Most experts will sit down with you and chat about what is likely to happen next. In this initial meeting, the consultant should talk about their proposal and fees. If a consultant is hesitant about costs, that’s a major red flag. You need to know – upfront – what sorts of fees you’re looking at when hiring them to handle the cell tower lease. Check here!

Excellent Reputation and No Conflicts of Interest

Anyone can look good on paper, but a cell tower lease consultant must have top-rated reputation. In business, reputation counts for a lot and your consultant needs to be at the top of his or her game. They also can’t have any conflicts of interest with the cell tower company or any of its associates. You mightn’t think that matters but it does. Let’s say the consultant works for or has an association with the other party. It could mean the consultant could (unintentionally) favor the company instead of you. So, be careful.

Don’t Rush the Decision

A lot of people are tempted to pick any cell tower consultant they find if it means getting the contracts signed. That, however, isn’t the attitude to take and could end up costing you more money. Instead, take the time to look at a range of consultants and see what they have to offer. Look at their backgrounds, reputations, fees, and what their feedback is like online. It’s so important for you to have the right expert on your side. A cell tower lease can be profitable for your property but only when the deal is right for you. You can know more at: https://www.sagecountryinn.com/selling-a-building-that-has-a-cell-antenna-lease-how-to-proceed/

Because of the unique nature of Cell Tower Leases and their connection to real estate, their existence on a parcel of land can modify the rules that run the buying and selling of property. Whether you have a building with a cell tower on the property, you may need to consider certain provisions when it comes time to sell the property.

Below are some situations you may find yourself in if you are selling a home with a cell tower, in addition to the likely options you will have in each situation.

First, when you sell land or a building, why would you want to keep the lease?

If you ask the question – when I invest the money you offer me for my Cell Tower Lease, can I get a similar income stream that I have now? And the answer is No, you better keep the lease. That is just because done properly, keeping the lease should have no real effect on the sale price of the building.

It is typical to distinguish a cell’s lease and future leasehold rights from the rest of the property.

In any case, this is what cell phone companies do on a daily basis when they lease property for a cell tower, in addition to what lease buyout companies do when buying cell leases and future lease rights. This is almost always done through a lease or easement so as not to break local laws that prevent parcels of land from being divided by deed. Check here!

You can maintain a cell tower lease for not only cell leases on buildings but also cell towers on open land.

Most significantly, the property owner makes sure they retain all the rights they require to: 1. remain the owner or landlord under the lease, and 2. ensure that they have the lease rights to the future communications facility for the parcel in question. Whether you’re not in the business of handling these kinds of transactions, it is simple to miss something.

An override usually arises when there is a request to extend or modify the lease and you discover that you do not have all the rights that the cell tower company desires. Otherwise, if at some point in the future you decide to sell the lease and the rights of the future lease, in addition to it turns out you don’t have all the rights the buyer wants.

You are in trouble in either case. You need to go back to the person you sold the balance of the property to get the necessary variations. They will usually want money in response, either part of the sales price or part of the rent. In addition to this can be a huge sum, as long as leases usually sell for 15-20 times annual rents.

To maintain a Cell Tower Lease, you must retain a package of rights similar to those a lease buyout company would obtain if it bought a cell tower lease as well as future lease rights.

This provides you great assurance that you have the rights you require as a landlord under the present lease or any amendments, and if you choose to sell the lease in the future.

The terms and conditions cannot be so one-sided in your favor that they affect the sale or sale price of the property. Standard documents from companies that purchase cell leases often have this defect. However, there is a happy medium where legitimate requirements on both sides of the equation can be met.

So to reply to the questions – if you have a cell tower on open land, or Cell Tower Leases on your building, you can sell the land or building as well as keep the lease. However, you have to do it very carefully. Click here for more information: https://towerleases.com/tips-for-hiring-consultants-to-get-you-the-best-cell-tower-lease-rates/

Negotiating a lease can be extremely difficult when your head is turned by impressive cell tower lease rates. As a landowner, you might be tempted to focus on the rental fees and agree to anything, but that presents a risk. Cell tower leases are full of hidden clauses and technical jargon that can quickly overwhelm you. It’s not uncommon to feel out of your depth when negotiating a cell tower lease. So, what five tips from the experts could help you during this time?

Anything Can Be Negotiated

You might assume it’s only fees that can be negotiated, however, that’s not strictly true. A cell tower lease can be negotiated right down to the finest detail – and that’s by both parties. You can negotiate anything, including the terms and conditions. That is something few people know or think about, so it’s important you know that fact too. Having the ability to negotiate or renegotiate terms can be so useful to ensure both parties are happy with the deal.

Get to Know What Cell Towers Are and How They Impact Your Land

Ask any expert and they will tell you how important it is to fully understand cell towers and what renting your land entails. It’s a massive commitment on your part because while the company can terminate the lease, you can’t. It’s crucial to understand what cell towers are, how they work, and how they can influence your right to sell land and who has the final say. Far too many people focus on the cell tower lease rates only, however, it’s important to know these things also. Know more here!

Always Have a Consultant in Your Corner

It’s easy to get carried away during the negotiation stage as the numbers can dazzle you. Sometimes, you are happy with the rental fees you don’t stop to consider anything else. That is a major mistake because there may be things that aren’t suitable to you at all. However, by having a consultant at your side, they can handle most things. You really can benefit by having a consultant during the negotiation stage of your cell tower lease. They can advise you and do most of the work.

Always Ensure the Business Terms Are Agreed First

While your priority might be with the cell tower lease rates, you cannot neglect the business terms and conditions. These should be hammered out first since these are the most important aspects of the contract. Of course, the rental fees are important too; however, if the business terms are not suitable for you, there is no deal. So, getting these terms hammered out first can often make the rest of the process easier for all parties.

Square Footage Doesn’t Increase Rental Value

While you might believe rental fees are dependent on the amount of square footage your land has to offer, that’s not entirely the case. Square footage does matter, however, that does not determine rates. Cell tower lease fees are often determined by the demand in the area, among others. Knowing this may ensure you don’t try to negotiate a higher price when it doesn’t merit one.

A Lease Has to Be Fair and Right

Companies can offer fair prices and great terms relating to a cell tower lease; then again, others may not. It all comes down to the people you’re dealing with and who you have fighting in your corner. If you go into cell tower lease negotiations with little knowledge or help, you might end up with a rubbish deal. That is why you need to know everything you can about this subject and get some help from a trained expert. Cell tower lease rates can seem great, but if the deal isn’t right, money won’t correct the situation. For more details read our article: https://www.sagecountryinn.com/finding-a-qualified-cell-tower-consultant/

Hiring a cell tower lease consultant can be quite difficult. This is because there a lot of inexperienced folks parading themselves as tower lease consultants. Hence, one needs to be careful with the Cell Tower Company they intend to patronize.

So, are you in need of a new cell tower lease? Do you need a lease renewal or buyout? Well, finding the right cell tower consultants will go a long way to save you time and money. In a bid to assist you in your search for a new cell tower consultant, here are a few things to look out for.

The work experience of the cell tower lease consultant

A consultant with more experience is more valuable than one with little experience. Look for a consultant that has represented well-established companies, trust me, they are better equipped with the skills.

There lots of online tower lease consultants on the internet today. They might want to use sugar-coated words to make you patronize them but don’t fall for it. Most of them have never been to a tower site, therefore making them ill-equipped for the job. So,  it is expedient of you to carry out a thorough research on whoever you are going to hire.

Check the track record of the tower lease consultant

An exceptional track record is all you might need to hire a new cell tower lease consultant.

If the cell tower lease consultant has been working for others and giving good results? Then they’re worth patronizing. However, avoid consultants with bad reviews, it would save you cost and time. Read more!

Understand the terms and conditions of hiring the cell tower consultants

Do not engage in a deal that you do not understand. Ask the consultant any questions that bother your mind.  A good consultant will answer those questions without breaking a sweat.

Also, watch out for cell tower rates.  Some of the rates of these consultants are ridiculous. Some might want 30% of all your rent for the rest of the lease.  If the percentage sits well with you, you can go on with the deal. But if it does not, you should pull out of it.

However, some tower lease consultants would want to work at low fees. These consultants have been known to offer sub-par services. So,  if you want a good tower lease consultant, you must be ready to spend.

Ensure that you and your consultants are on the same page

This is very important. A conflict of interest is bad for business. He might end up cheating you in the process.

Make sure the allegiance of your contractor is with you. The allegiance of a consultant that performs tasks for a wireless carrier might not be with you. Those consultants are usually sketchy. Hence, you must form a kind of rapport with your cell tower consultant. It will make work smoother.

Conclusion

With the tips listed above, finding a cell tower lease consultant should no longer be difficult. Just make sure to ask the company any question that bothers your mind before deciding on hiring from them. Also, you can ask others of their experiences with these companies and ask them to recommend them a good one for you. Learn more details: https://www.sagecountryinn.com/allowing-a-cell-tower-on-your-land-gains-and-losses/

It’s an apparent fact that cell tower lease is just about wherever nowadays. On account of the rollout of 5G networks and expanded interest to grow cell administration to progressively rustic territories, there is a ton of talk around cell towers and cell tower leases. Cell tower lease action developed a year ago, and the expected rates for the year ahead show considerably more development in the coming years.

Consistently, landowners are reached about adding cell towers to their territory, and existing leases are being expanded

 Top 5 Reasons to have a Cell Tower on Your Property

 Income

The standard proposition for another Cell tower lease in our database for 2018-2019 was $1050/mo. Through a standard 25-year rent, this would bring about total salary to the landowner of $459,386. If another tower must be added to the territory, it is most likely better to be the landowner getting income from it than being on a neighboring property and taking a gander at it while accepting nothing.

 Most elevated and Best Use

This is an appraisal term which implies that it is uncommon that landowners to get more pay from other non-cell tower uses on a similar property. The run of the Cell tower lease is 2,500 to 5,000 square feet. There aren’t different utilizations that would pay the same rent rate for that constrained space.

 Credit Grade Tenants

The organizations renting the space on your property are credit grade inhabitants, and the default rate on the Cell tower lease is shallow.

 Low Maintenance Tenants

In contrast to commercial occupants of private inhabitants, there is no upkeep trouble (or next to no) regarding cell tower inhabitants. They keep up their rent territory. They guarantee themselves. They pay for their framework and build-out. More details!

Transferable Asset

They can sell the rent. Rent buyout organizations commonly pay multiple times the yearly rent rate or more for a rent buyout. What another place would you be able to sell rent for that much annual pay?

 Reasons to Not Have a Cell Tower on Your Property

• Long haul Lease Agreement: Most Cell tower lease understandings are 25 years or more. These rent understandings never give the landowner the option to end while it permits the inhabitant to end with constrained notification. This affects your future improvement potential on the property.
• Hard to Move: When a tower is built, it is expensive to move. On the off chance that you need that land again, you may figure it is anything but difficult to migrate the tower. In such a manner, you would not be right. Towers typically cost $300,000 absolute minimum to move, expecting the inhabitant will even think about migration.
• Style: Towers aren’t appealing, and they can negatively affect the rest of the property, particularly in neighborhoods. Customers in the past have gotten protests from their inhabitants about the nearness of a tower on the property. Some imminent inhabitants won’t let Cell tower lease from a landowner with a tower on the property because of saw wellbeing dangers.
• Potential to Disturb Neighbors: At the point when another tower is proposed, there will often be individuals that are vexed. The business calls them NIMBYs-Not in My Back Yard. The neighboring landowners will even venture to such an extreme as picketing the landowner thinking about a tower.
• Visit Calls and Solicitations: While there might be no support or other commitment for the landowner’s sake towards the tower, that doesn’t imply that the landowner won’t be reached often. It reaches a portion of our customers on a week by week premise about their Cell tower lease.

 Bottom line

On the off chance that you are thinking about a cell tower rent understanding, make sure to weigh the two upsides and downsides. The advantages could support your locale, yet the drawbacks ought to be considered as well. Before any exchanges start, it’s essential to search out proficient meeting to survey the entirety of your alternatives with a cell tower consultant.

Click here for more information: https://www.sagecountryinn.com/what-you-give-up-versus-what-you-gain-in-allowing-a-cell-tower-on-your-land/