What You Must Know About 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 be sure that the real cell tower rate that you get is of fair market value? Many lawyers are not really knowledge regarding the cell tower leasing contracts or they can’t help you on how to get the most money from those cellular carriers.
When you aren’t familiar with the cell business and its lingo, then there can be a few things that may arise. That cellular company would convince you to agree to such terms that may actually not make you satisfied. Moreover, your attorney may actually push you out of the deal. Another thing is that the cellular company would be negotiating for a different location.
Through such situations, you are not getting that fair cell tower lease agreement. The cellular phone providers would actually like to keep you in the dark when it comes to the cell tower rates. 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. If you are paid less for the contract, then the agents are getting even higher bonuses.
Know that such is actually a common practice in several fields because of the such reason that you are in a capitalist economy. However, if you wish to make sure that you will be able to get the best rate for the lease, then there are some things that you must know regarding such potentially profitable 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, you should know that many cellular companies do use comparative pricing too so that they will be able to convince you that you are asking for too much.
You shouldn’t trust the leasing contract to the lawyers of the cellular company which is trying to negotiate with you. Actually, it is best that you have an honest and also knowledgeable help from one who is specializing in the cell tower leases. It would be best that you get an experienced negotiator regarding the cell tower rates.