Property owners today can lease out their land for tower construction to wireless companies and enjoy the payments made in lieu of the lease. This can be a lucrative business proposition for the owners of properties; however, the cell tower lease agreements need to be properly negotiated for the owners to maximize their cash inflow and minimize risk.
In general, the lease agreements for cell towers often tie up any real estate for decades. So, it becomes important for property owners to negotiate the most favorable terms in the agreements they sign with tower companies. The best way to go get a fair market value for a new cell tower lease is to hire the services of cell tower lease experts. The experts can evaluate the availability of alternate cell sites and optimal radio frequency signaling factors to make sure that the landowners are getting rentals that their sites deserve.
The process usually starts with a site acquisition agent, working on the behest of a wireless company, scouting the area and zeroing on a few parcels suitable for the location of a wireless tower.
The agent than gets in touch with the land owners and enquires whether they would be interested in leasing their land for the construction of a tower. Often, the agent contacts multiple landowners having suitable sites to find that one person who would act fast and agree to the terms of the proposed agreement.
In general, the lease agreements for cell towers often tie up any real estate for decades. So, it becomes important for property owners to negotiate the most favorable terms in the agreements they sign with tower companies. The best way to go get a fair market value for a new cell tower lease is to hire the services of cell tower lease experts. The experts can evaluate the availability of alternate cell sites and optimal radio frequency signaling factors to make sure that the landowners are getting rentals that their sites deserve.
The process usually starts with a site acquisition agent, working on the behest of a wireless company, scouting the area and zeroing on a few parcels suitable for the location of a wireless tower.
The agent than gets in touch with the land owners and enquires whether they would be interested in leasing their land for the construction of a tower. Often, the agent contacts multiple landowners having suitable sites to find that one person who would act fast and agree to the terms of the proposed agreement.
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In the next phase, the agents take the GPS coordinates of a property to assess its suitability for being used as a tower site. The agent contacts a landowner and initiates negotiations, only after the land is found to be suitable. The initial offers made are usually by the agents themselves; however, there is a cap rate which they cannot exceed while making the starting offer.
The owners of properties need to move fast if they want to lease their land to the tower companies as there could be multiple interested parties. The site acquisition agent is often interested to sign a lease with a person least likely to get the lease agreement analyzed by an expert. However, it is in the interest of site owners to get in touch with lease negotiation experts and gain from their valuable insights. This is necessary to make sure that the interests of the landowners are not being compromised in any manner.
It is imperative for landowners to enter into these agreements only after reviewing them in some detail. The landowners should only sign on the cell tower lease agreements after they are totally satisfied of the terms and conditions.
The owners of properties need to move fast if they want to lease their land to the tower companies as there could be multiple interested parties. The site acquisition agent is often interested to sign a lease with a person least likely to get the lease agreement analyzed by an expert. However, it is in the interest of site owners to get in touch with lease negotiation experts and gain from their valuable insights. This is necessary to make sure that the interests of the landowners are not being compromised in any manner.
It is imperative for landowners to enter into these agreements only after reviewing them in some detail. The landowners should only sign on the cell tower lease agreements after they are totally satisfied of the terms and conditions.
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