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Property owners can opt for consulting services to know more about the cell tower lease rates they should charge from a cell tower company for the use of their land. This becomes all the more important, when they are asked to extend or sell their existing lease. The established trend of relying on market rates to gage the rate for leasing properties often do not work and can cost them thousands of dollars over the life the agreement. They can maximize their revenues by working with a company offering consultation services on cell tower leases to get the full compensation from the use of their land.
What property owners need to understand is difference of cell tower leases from other real estate assets. The cell tower leases are considered as telecom assets by the wireless companies; it is also in the interest of property owners to consider them as such.
The owners of properties need to be absolutely clear about the fact that the value of every cell tower site is different. Two cell towers from the same company can be located within a few miles of one another with the same rent and similar terms for leasing. However, the cell tower lease rates can be significantly different in the two instances, as the value of the land is not calculated in deciding the same.
What property owners need to understand is difference of cell tower leases from other real estate assets. The cell tower leases are considered as telecom assets by the wireless companies; it is also in the interest of property owners to consider them as such.
The owners of properties need to be absolutely clear about the fact that the value of every cell tower site is different. Two cell towers from the same company can be located within a few miles of one another with the same rent and similar terms for leasing. However, the cell tower lease rates can be significantly different in the two instances, as the value of the land is not calculated in deciding the same.
The process followed in determining the lease rates involves the evaluation of the properties to find out more about cell tower suitability. A site acquisition agent often works for the tower company and contacts the property owners with a starting lease rate, which is influenced by the existing rates agreed upon by other similar property owners. These agents are local and have a complete understanding of the region and the probable cell tower sites. They also work for incentives and have a strong motivation to acquire properties at the lowest possible rates.
Given this backdrop, property owners are better off when there is someone experienced and reliable representing them in the cell tower lease or buyout agreements. A reliable consulting company can help them get the best possible deals, which would prove to be profitable even after the deduction of the consulting fees. Once the deal is signed and sealed, there is no scope to revisit the same again and the owners of properties have to make do with whatever cell tower lease rates agreed upon. So, it makes every sense to act when there is still time and finalize the best possible rates rather than getting locked up for decades.
Given this backdrop, property owners are better off when there is someone experienced and reliable representing them in the cell tower lease or buyout agreements. A reliable consulting company can help them get the best possible deals, which would prove to be profitable even after the deduction of the consulting fees. Once the deal is signed and sealed, there is no scope to revisit the same again and the owners of properties have to make do with whatever cell tower lease rates agreed upon. So, it makes every sense to act when there is still time and finalize the best possible rates rather than getting locked up for decades.
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