Know the Bargains 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. Since evaluating cell site lease rates is difficult because of its unavailability for comparison, asking experts in this area or visit their website would be a good idea. Know that cellular carriers would usually try to save money on their cellular lease rates, thus they are not paying as much with their rooftop and tower rentals.
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. Turning a lease around quickly would also mean for the carrier leasing company to be paid premiums. 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.
Remember then to evaluate fast the offer given to you once you are being contacted in the installation of your cell tower or antennas on the roof of your property, so that you can figure out if you are receiving a fair one or a mediocre offer. To further determine your leverage in deciding for the amount of the negotiation, it is good to know if you have other choices, like in your neighborhood or a better location, where the wireless carrier can go.
In order for you to make a good deal in the negotiation is for you to pay close attention to the telecom leasing terms and to understand its language. Considering that most of us are not telecommunication experts nor are our real estate lawyers, it is advisable that we get the help of a cell tower lease consultant to help us understand the terms and agreement.
It is important that you know of the different cell tower lease rates that are offered to property owners for the different areas of the country, for the tower and rooftop leases.
So when you as the landowner is faced with the negotiation of a cell lease agreement, it is good to first ask some questions from the agent who is interested in leasing your space for a cell tower. Among the questions you should ask is the on-going rate for a cell tower in your area, what is your average lease payment, why is the agent looking at your property, and so on.