subject: Your Cell Tower Lease Contract [print this page] There are many landlords (land owners) who are approached by a cell phone company who have no clue what they should expect to be paid for the rent they are paid to have a cell tower on their property. There are many groups, attorneys and professionals who have a lot of experience with determining the market value for a property. Although there are no set rules for determining this amount, the best professionals are going to have years of experience and a whole database to refer to when it comes to establishing an amount.
If you are one of the land owners that have to deal with this, it is so important that you keep in mind that just because your neighbor gets a certain amount every month for the rent on their property, it does not mean that you are going to get that same amount too. There are so many factors that come into play that influences the determination for rent on land for cell tower leases, so it is crucial that you as a land owner understand what you are dealing with and what your rights are regarding the numbers that the cellular company is coming up with to offer to you.
Basically there are three different types of situations that professionals use to assess the values for cell tower lease rents. The first one is the uniqueness of the property: Doest the carrier really have no other option for the cell tower? Is yours the only available property they have? This is going to really drive up the value and the amount of money that you should be paid every month. Of course, there are professionals who determine how much the wireless company should pay you before they choose whether or not to build on your property. Even though it costs land owners to hire these professionals, the higher amounts of rent they come up with can really make a difference for the next 10 20 years in income.
Another situation would be if the property is preferred but there are also other options. Professionals who are hired to help with a cell tower lease agreement will attempt to determine how much the land owner can push before the carrier elects to move on to a different property, and the professionals will do so using comparable lease data that they should already have in their databases to use as relevant comparison material.
The third scenario is if the land owners property is one of many potential available properties in the area. Unfortunately most companies will be of little value here, simply because the fair market value of his property is what the neighbor will accept to have the tower put on his property instead. A cell tower lease agreement is a touchy one, and really should be handled by the land owner with the aid of experienced professionals.
