Cell Tower Lease Renegotiation

Cell Tower Lease Renegotiation When a cell tower site lease is close to expiry, Cell phone companies would be desperate to revive it. This is because they would stand to gain a lot if they can get their lease extended. But unless a landowner has good... More

Cell Tower Lease Renegotiation When a cell tower site lease is close to expiry, Cell phone companies would be desperate to revive it. This is because they would stand to gain a lot if they can get their lease extended. But unless a landowner has good reasons to extend the lease he should not. Landlords need to know that their lease is worth more now than it was before. This is because the cell tower company has begun to rely on the tower and would find it difficult to relocate it under any eventuality. Many land owners presume that carrying out an area survey i. e. talking to other cell tower site owners can give them a fair idea of the market value. However, such surveys cannot give the true picture of what the tower lease is actually worth to the carrier. What cell tower companies usually do is to send agents to a property owner’s home to settle for a renewed price. They would bargain their cause based on a list of what other cell tower site owners near your area are getting Less