An Expiring Cell Tower Lease
If you have lent out your property for cell tower lease, you need to know
what to do when the cell site lease expires.
Usually when the term comes to
an end, cell carrier companies would either want to buy out the lease or...
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An Expiring Cell Tower Lease
If you have lent out your property for cell tower lease, you need to know
what to do when the cell site lease expires.
Usually when the term comes to
an end, cell carrier companies would either want to buy out the lease or
extend the terms with a marginal fee increase.
These negotiations can be
quite complex, and as a property owner you need to be on guard.
Unlike normal lease negotiations, there are several factors on which the rates
for an extension of lease can be negotiated.
For properties leased out in the
late eighties, the rate offered was far less than what is offered now.
The
expiration presents a good opportunity to renegotiate according to prevalent
market rates.
Again in many cases, land owners would want to terminate the
lease and re-issue the property to a new carrier.
In some cases, the property
owner may not want a wireless tower lease on his property at all.
Expiration
of lease terms also gives the land owner a chance to opt for mul
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