subject: Your Cell Tower Lease Agreement [print this page] Even though a cell tower lease agreement involves more than just rent payments, this is in many respects the bottom line. It is still one of the most important parts of any lease agreement regarding cell phone towers, and this is true for both land owners and the cellular companies. A huge majority of a cell phone companys expenses for the year is the rental payments they make for their towers. Some companies estimate that their payments for land lease contracts for towers make up even 30 40% of their annual expenses! So as you can see, the cellular companies are very concerned over how much they pay out to land owners.
While land owners of course want to maximize the income they receive from these leases, they also want to minimize their obligations. The cellular phone company needs to build a tower on land, but they also want to minimize their costs involved with that. There are many different types of professionals available with years of experience who can help serve as a liason for these types of negotiations, working to strike a good balance between both parties involved so that everyone gets the most benefit possible out of the deal.
It is very important if you are a land owner that you contact a professional for an evaluation of your property. Even though it will cost to hire a professional, the benefit you will get from doing so may save you a lot of hassle, frustration and may even save your contract. You see, although a company approaches you about building a tower on your land, they probably have contacted your neighbors as well. It is he who bids lowest that will win the contract with the company. However, you dont want to bid so low that you really let yourself out of a good contract, either.
In addition, these professionals can provide consultation about what bonus payments or services the land owners should ask for that most cell phone companies will indeed give freely. They can also help decipher all of the technical language that the companies use in the leases to make sure that the land owner really knows what he is getting into. They help the land owner know how everything in the lease applies to them. All legal reviews are different, mostly because of the human factor involved. The companies help advise land owners on every aspect of the negotiation process for the contracts, so it is important that you save yourself a lot of stress and loss of money by having one working with you every step of the way during cell tower lease negotiations or renegotiations.
