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What You Need To Know About Cell Tower Leasing
Companies that provide tower services are called cell tower companies. These towers are important because they improve cell coverage. It is not uncommon to find several cell providers sharing one tower.
Cell tower lease consultant is a person who will help guide you before leasing your land to a wireless company or even a tower lease. To get a good price for a cell tower in your land, let an experienced consultant negotiate a price for you.
Any legal process that involves a cell tower lease will be best handled by a cell tower landlord advocate. These advocates have the experience and know the laws in different locations that pertain to cell towers.
Anyone who has an agreement with a cell tower company to lease their land to them for placement of a cell tower is called a cell tower lease landlord. Cell tower companies look for strategic locations where they can provide better services to their customers.
Depending on the contract between the leasing company and property owner, a onetime compensation known as a lease buyout is one method of payment.
Valuation means considering what the current price of a cell tower lease is, the value of your property and location of the intended cell tower. A proper valuation means you will get the best price for what you offer.
Property owners should ensure that they get written contracts for their own protection when dealing with the lease company. A consultant will help you understand your rights as a property owner where the cell tower is placed.
Lease renewal means that the current contract is over so there is a chance of signing another lease. Consultants ensure that property owners get good value for leased properties during lease renewals.
Term escalators refer to a payment percentage for a couple of years while an annual escalator refers to a percentage that can be adjusted annually.
In order to improve network, cell tower companies do rooftop cell site upgrades. Drawings by cell tower companies on upgrades they intend to do should be given to property owners to make them aware of the changes. Property owners should ensure that they receive consent letters before changes are made to rooftop cell sites.
Finally, don’t sign contracts or consent letters without consulting your advocate. Let your advocate be on the lookout for better deals on the market which could prove profitable for you in the long run. Rent payment methods vary so choose a method that you are comfortable with instead of being forced into a buyout if you don’t want a buyout. Property owners benefit more through annual payment terms instead of term escalators.