5 Important Questions You Should Ask Cell Phone Tower Consultants

Are you a private or commercial property owner and would love to make some serious money on your property? Then you should consider leasing the property to a phone tower company. But since you may not know what goes into the negotiation, especially if you are doing for the first time it’s advisable to talk to a consultant.

Cell phone tower consultants can help you negotiate favorable terms. They can also educate you on tenant access, insurance, and structural implications and other factors that can help you get the most out of the cell phone tower lease. Accordingly, you need to figure out how you can leverage the consultation and this means asking all the important questions. Without further ado here are the most important questions that you should consider asking during a cell phone tower consultation.

How Long Does a Lease Last?

If you are dealing with a wireless carrier company, they may want to lease your property for about 25 years. However, if it’s a cell tower company, then they may want the lease to last for 50 years or more.

What Are the Expected Rates?

You’ll get different offers from different companies. It depends on the geographical location of your property, its size, and its value. On average, expect to earn anything between $100 and $10,000 per month.

How Can I Know If Am Getting a Fair Offer?

Though most landowners like to compare their offer with those of previous leasers, this is not always a practical determinant. Several factors come into play when determining a cell phone tower offer other than geographical location.

Do I Have to Agree to the Right of Refusal?

The ‘Right of Refusal’ clause is inserted in most cell tower leases to prevent you from selling your property off before allowing the cell tower company the primary right to match your target offer. Unfortunately, most companies will only seal the deal if you agree to this clause.

What If the Tower Company Goes Bankrupt?

If this happens, the assets of the cell tower company will likely be bought by another company. Unless the new company decides to cancel the lease deal, which is quite unlikely, you’ll still enjoy the terms as previously agreed.

Parting Thoughts

By and large, talking to cell phone tower consultants is generally a great idea if you are looking to lease your property to a cell tower company. They know what goes into such deals. What’s more, you can ask just about anything, starting with the above questions.

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