The Points to Consider on Cell Tower Lease
Cell tower lease is a mystery for numerous people who are interested to get into such. The problem here is that, there isn’t a definite answer to such question because different buyers are paying for different price point for different leases and time. In other words, the lease should be taken each apart to get the right price.
Location of rooftop or tower – it’s an intricate evaluation of the lease value when talking about the location of cell tower. For older towers, it may have a less important cell phone carriers because they have filled in coverage by buying another carrier’s cell site. They have reach a deal to either buy the entire carrier or their competitor’s site and put their equipment. Whether your site is deemed to be a necessary part of coverage, today and the future is a basic factor to be taken into mind when it comes to getting the right price.
The current rental rate paid by the competitor or carrier is yet another factor that’s used to calculate its value.
Remaining term on the lease – as a matter of fact, cell tower lease is worth more if there’s lesser time that is set on the lease. Because most of the leases are subpar with regards to monthly rent, co-location and escalators, buyers are well aware that they’ll be more capable of renegotiating the lease. Most of the time, they could double up the price of rental, improve escalators and add participation in subleases.
Co-location rent, escalators and rent – the escalation clauses, co-location rents and rents are all negotiable. You just have to understand the significance of cell site to carrier or carriers who occupy the rooftop or tower. There are actually some sites that are more important in comparison to others and that the cell lease buyers will consider this in mind when bidding on lease.
Know your cell tower lease buyers – remember that you are still talking to companies and they are known for making significant profits from these transactions. They have the experts who are trained and skilled in getting a lesser lease. When it comes to this, you might need to work with a cell tower lease expert or a lawyer who could help you in navigating through this and guarantees that you’re with the right people and get fair lease rate.
Use a cell tower consultant – you can actually make money by working with cell tower consultant, broker or advisor. For this, they are certain to play an important part on your deal.