When a friend or acquaintance advises you on giving your property on lease for the cell phone companies to put up their towers , the first question that may come to your mind is how much will I earn. But even if your friend knows and gives you a figure it may not be similar to what the company may offer. It could be more or it could be less. There are a few points that are to be considered before the cell phone tower lease rates can be finalized.
The factors that influence the lease rates are a] new lease or b] renewal of lease. Fresh lease usually has the rates fixed based on the area and connections. An extension or renewal of lease would mean increase in rental rate from what you were getting. An existing tower saves on installation costs so the company would prefer to pay more and continue there rather than change the tower unless they were having any signal problems there. You as an owner can negotiate based on the situation in your area.
Points to discuss on:
1. In case you are in a densely populated area, there would be many people using the phones and the company is benefited with the tower in your premises. You could also take advantage and insist on terms beneficial to you.
2. If there are many landlords willing to let out their premises, you have no choice but to accept what the company is willing to give, They have many alternative properties to approach.
3. If the lease is on and the company wants to add more antennas because of increase in traffic, you could ask them for extra payment because they are only earning without spending.
There are many ways that you can discuss on while negotiating the cell phone tower lease rates with the mobile carrier.
The factors that influence the lease rates are a] new lease or b] renewal of lease. Fresh lease usually has the rates fixed based on the area and connections. An extension or renewal of lease would mean increase in rental rate from what you were getting. An existing tower saves on installation costs so the company would prefer to pay more and continue there rather than change the tower unless they were having any signal problems there. You as an owner can negotiate based on the situation in your area.
1. In case you are in a densely populated area, there would be many people using the phones and the company is benefited with the tower in your premises. You could also take advantage and insist on terms beneficial to you.
2. If there are many landlords willing to let out their premises, you have no choice but to accept what the company is willing to give, They have many alternative properties to approach.
3. If the lease is on and the company wants to add more antennas because of increase in traffic, you could ask them for extra payment because they are only earning without spending.
There are many ways that you can discuss on while negotiating the cell phone tower lease rates with the mobile carrier.
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