Things to Know Regarding Cell Tower Leases
Keep in mind that it can be difficult to actually negotiate for the cell tower lease when you as well as the legal representative that you have isn’t quite familiar with the telecom language. How can you make sure that the actual cell tower rate which you receive is actually of fair market value? There are many lawyers out there who are not quite knowledgeable of the cell tower leasing contracts or they are not able to help you about how to get the most cash from the cellular carriers.
When you aren’t familiar with the cell business and its lingo, then there can be a few things that may arise. The cell company would force you to agree to their terms that can later make you unhappy. Moreover, your attorney may actually push you out of the deal. The cellular company may also proceed in negotiating for a different location.
Through such situations, you are not getting that fair cell tower lease agreement. Well, what you must understand regarding the cell tower lease rates is that those cell phone providers would rather want you, being the property owner, kept in the dark. What you should be aware of is that their site acquisition contractors are receiving big bonuses for being able to implement the cellular tower leases below such fair market value. When those terms of the lease are really favorable to the cell carrier, then the leasing agent would get an even higher bonus. These agents are paid higher if they would set up leases in which you are paid less.
You must understand that such is a common practice in many fields because of the reason that you live in such capitalist economy. But, when you like to be sure that you can get the best rate for the lease ,then there are a few things that you need to understand about this great opportunity.
What most landlords and property owners do is that they would actually ask for a comparative cell tower rate for the location from the cellular site specialists. But, be aware that the cellular companies are also making use of the comparative pricing so that they will be able to convince you that you are actually asking for a lot.
For such reason, the best thing that you can actually do is that you must not trust the cell tower leasing contract in the hands of that standard legal counsel or those lawyers from the cellular company. Actually, it is best that you have an honest and also knowledgeable help from one who is specializing in the cell tower leases. What you should do is that you must have such experienced negotiator about the cell tower rates.