Uploaded on Oct 21, 2022
With years of experience and expertise representing landlords, we’ve accumulated a lot of insider information about cell tower lease buyouts and renewals. Visit https://towergenius.com/ for more information.
8 Do’s and Don’ts All Cell Tower Landlords Should Know
8 Do’s and Don’ts All Cell Tower Landlords
Should Know
With years of experience and expertise representing landlords, we’ve accumulated a lot of
insider information about cell tower lease buyouts and renewals. We’ve come across dozens of
landlords who have failed to maximize the revenue potential from their cell tower leases. While
professionals best handle the intricacies of cell tower leases, here are a few dos and don’ts all cell
tower landlords should know.
#1: Do Your Research
The cell tower company needs you more than you need them, so conduct your business
accordingly. Do your homework, research your neighborhood’s average cell tower lease value,
and negotiate accordingly. Do not give into the scare tactics of cell tower company
representatives. The better choice is to hire a trusted cell tower lease consultant to represent you
and negotiate on your behalf.
#2: Do Sell the Lease Before Selling the Property
If you’re looking to sell a property with a cell tower, ensure that you sell the rights for the lease
before selling the property. You can increase the home’s resale value and make bigger profits.
#3: Or Don’t Sell the Cell Tower Lease
Another option is to retain the rights for the cell tower lease while selling your home. You can
ensure you continue receiving rent on it and consider a cell site lease buyout later down the line
when there is a genuine financial need. While this might seem like a good idea, it is also tricky.
You can avoid complications by consulting with a cell tower attorney to help draw up the
contract.
#4: Don’t Renew More Than a Year Before Lease Expiration
Cell tower company representatives usually pressure landlords to renew their leases, even when
it doesn’t expire for another year. They use scare tactics to pressure landlords to continue the
lease under the same conditions. However, holding off on the renewal is smart as rent offers go
up substantially closer to the expiration date.
#5: Don’t Fall Prey to Myths and Scare Tactics
Often cell tower company representatives use myths, misinformation, and outright lies to
pressure you to renew the contract under unfavorable terms. Don’t fall prey to the following
myths:
1. There are too many cell towers in your area, and the company doesn’t need yours.
2. New technologies like satellite cell services will replace cell phones.
3. 5G cell services do not require as many cell towers as before.
None of these statements are true, which is good to know when renegotiating.
#6: Do Ask for a Lease Amendment Clause
When negotiating a lease amendment, include a clause for any material changes to the cell tower.
For example, if the cell tower company adds extra antennas, the lease amendment clause can
help you enjoy a rental increase.
#7: Do Remember You Hold the Power During Negotiations
During lease renewal negotiations, the cell company might threaten to take down the cell tower if
you do not agree to their terms. However, remember that this is a big move logistically and
operationally for the cell tower company. They are not likely to go ahead with their threat.
#8: Do Not Sign the Lease Without Reading the Fine Print
Finally, make sure to read the fine print. Don’t sign the lease agreement or renewal clause
without reading the fine print. If the document is too technical, get the help of cell tower lease
buyout companies. They can help you understand it and decide if it works to your advantage
before signing on the dotted line.
Resource Box:
Tower Genius is a leading cell tower lease consultant in North America and offers transparent
guidance to property owners to help them leverage the maximum value from their wireless
assets. Their services include cell tower lease negotiations, cell tower lease buyouts, lease
evaluations, lease consulting, and lump sum lease buyouts.
Comments