Tip Toeing Your Way Through Lease Renegotiations

Are you a land owner who has a cellular tower on their property who has been approached by people to conduct lease renegotiations for that tower

? You probably have a million questions, a million concerns and a thousand scenarios you are thinking about as they run through your head, right? At all costs, you want to protect your steady income and your interests in the agreement; however, the cellular company wants to do the same. Many people get really stressed at the thought of lease renegotiations with a giant company, and for good reason. Many land owners cite that the reason for their apprehension is that these companies can afford to hire the best attorneys and contract professionals to work on their behalf who can land owners turn to during lease renegotiations? The best professional for you is going to be an operator authorized real estate asset management company, who is going to be able to help you sort through the terminology and educate you about the wireless industry.

There are a few other good things to keep in mind if you are going to be heading into such renegotiations. You have to remember that these leases concern more than just the rent that is paid for using the land. There are continuously new demands being placed on wireless providers to keep their networks up to date so that their customers can have good service and signal strength; they have the right to protect their investment of equipment on your land that is essential to their business. This is why terms of lease renegotiations are important to an operator. Flexibility is important with terms such as Expansion of Use & Premises and 24/7 Access. People depend on their cellular phones, and sacrificing the network to a problem with a cell tower site is not an option. Do keep in mind that these lease renegotiations really do concern more than just you and the phone company; they affect everyone who uses that tower for cellular service.

Make sure that you keep your contact information up to date. If a cell site on your land need service, they need to be able to get a hold of you. Maintenance done on towers is going to happen late at night to avoid down time during the busiest hours, so unless you want them knocking on your door at 2 am, you need to have a way for them to call you. Remember that a lease is meant to be beneficial not only for you but for the cell company too. Operators chose your land for their tower because you offered the best land on the best terms, but those terms can change during lease renegotiations, so you are going to want to make sure that those terms change to benefit them and you as much as possible still.

by: Remus Lupin

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