Tips When Negotiating Cell Tower Leases
Posted on: 18 January 2021
Cell phone companies are constantly looking for new land to put cell towers on. If you have property in a strategic area that would benefit these cell phone companies, you may be in the position to lease some of the land out. Before you do, go through these tips for cell tower rental.
Become an Informed Land Owner
Sometimes what will happen in these lease negotiations is cell phone companies try taking advantage of landowners because they may have never been approached by one before. You can prevent this from happening by arming yourself with knowledge about these leases.
You can learn how they work and what things to stay mindful of. A rental consultant can help with this if you're still worried about lacking knowledge. Then, when cell phone companies do approach you, everything they talk about will make complete sense and you can better negotiate.
Don't Be Intimidated When Negotiating
The great thing about leasing some of your land for cell towers is that you can negotiate offers from different cell phone companies. However, you don't want to be intimidated when working with one of these companies. They may have a lot of money and resources, but you still hold some power here, since it's your land they want to lease.
You'll just want to find out what offers are fair and worth your time, which you can find out quickly by talking to an experienced cell tower rental consultant. They'll help you better negotiate.
Stay in Touch With Consultant
Even after you have a firm grasp on cell tower leases and feel comfortable with the deal you're being offered from a cell phone company, you should still stay in touch with a cell tower rental consultant. They can still provide meaningful services in the future.
For instance, you may decide to renew the lease, but pricing structures could have changed. This consultant will keep you updated on these matters so that you're not in a position of getting a bad deal and then being stuck in a contract you're not happy with.
When approached by a cell phone company for cell tower leasing, make sure you do certain things throughout these negotiations and well after they're over. Consultants can provide advice along the way too so that you know what to do and get the most out of these leases for however long they last.
For more information, reach out to a local consultant.
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