Cell Tower Lease FAQ's

Tuesday, October 18, 2011

Q: Who are the carriers, which could probably be negotiated introduce a cell tower lease on my property?

A: In general, wireless carriers will lease directly with a cell phone tower. One of his managers wireless acquisition or ownership of the site are generally first apply the indicator level of interest. We want to make sure before you go to a cell tower lease agreement with a provider of mobile business (ATT, Sprint Nextel, U.S. safe-Mobile, Metro PCS, Clearwire, Verizon Wireless, Alltel, T-Mobile) or contract with one of the great tower of the development or the roof-management company (AAT, Crown, American Tower, SBA) to conduct your due diligence, But don 't wait too long.

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Even if you're lucky to be contacted by any of these companies, be sure to negotiate your lease or your lawyer did not even from a cell tower. Often prosecutors start scoring a single leasebillable hours. If the airlines have a lot of time back and forth, they are looking at another site who are ready to do business is to move, and then end up on the site instead of wasting it to collect rent.

Cell Tower Lease FAQ's

Q: What do I need for my cell phone tower lease?

A: A cell tower lease executed properly, you should base your rights, protect the rights and address roofs sublet / sublease topics that many website owners often lack the time cells. TheAlso include tax and language in order to protect you from assessments. It 'also important to develop the site correctly (height of the tower and space available) to be raised for the expansion and location, revenues for the cell tower. All of the drawings shows cell tower lease should be completed by a state-licensed architectural engineering firm. I could lose a list of a dozen things that real estate lawyers regularly on cell tower leases, but then where's the funwhat?

Q: I know nothing about zoning or management of construction projects, should also build upon receipt of a construction site on my phone on the roof terrace are problems?

A: The owners will not choose your side, if it is not feasible for the development of a series of problems, prospects, particularly zoning and land use. Just enter in a cell tower lease, that the burden and cost of obtaining permits and licenses imposed against the carrier or tower company, not onOwner / landlord.

Q: What happens if cell towers become obsolete? What happens then?

A: Carriers are investing heavily in the development of the wireless network. About 70% of the U.S. population uses mobile phones. So if you hear rumors of a balloon or blimp or satellite, cellular technology that allows you to cheat, cell towers are here to stay. We no longer use the Sony Walkman, iPod, simply call it now, but people always want to have your own musicplayers, and the same holds true for personal communication devices.

Q: How long will my cell tower lease be good for?

A: When you sign a cell tower lease the lease term will be initially for 5 years with two renewal terms in most cases, and an additional ten year term after that. Since no one has a 35-year cellular tower lease as of yet, we can't say how long they can be extended for, but assume that your cell site leases will be extended for as long as you own the site and people need to speak to each other on wireless devices.

Q: How much can you get for your cell tower lease?

A: Isn't this always the big question... And our answer is that it depends how badly they need your site and where you are located. The closer to the heart of a major metro area, the greater the demand for wireless coverage and capacity will be, and the more you can get. Rooftop sites vary from ground leases. For example in Columbus, Ohio you might get ,100 per month each for three carriers on your rooftop totaling ,300 per month. While if you had a cell tower on your property in the same city you might get ,200 for the first carrier who built the tower, and to additional carriers pay rent to the first carrier to co-locate on their pole, and then each pay you 0 for ground space rights, or a total of ,000 per month.

Q: Shouldn't My Attorney Be Able To Guide Us?

A: A cell tower lease is a very intricate and specialized contract that is weighted heavily in favor of the cellular carrier. But think about it, it needs to be. Getting a cell tower built on your property is like having Donald Trump saying, "I'd like to have a small portion of your ground space, and I'm going to build a structure on your property that costs hundreds of thousands of dollars at MY expense, and it can potentially bring you -2 Million in rental income over a 25-30 year period if we can develop it properly. But I'm only going to do this if the contract protects my investment. And if you don't like it, no hard feelings, the guy next door has 2,000 square feet of space and could use the retirement money."

Now nothing against Mr. Trump, because he is an icon of success, but if you were going to sign a deal with him would you use an average attorney or get a top-gun attorney? And that's where we run into a shortage of talent in the marketplace. Those who can afford it hire a specialized cell tower lease attorney, those who can't cross their fingers and hope that they are getting a good deal.

That's why cell tower development and leasing on your own is a challenge and why property owners who can find a partner to work with are well served in both the short and long term.

Q: How can I get a cell tower lease signed for a tower on my property or antennas placed on our roof?

A: Having an uncle working in the real estate department at one of the carriers is your best bet. If that's not an option, submitting your site to the carriers directly gives you roughly a 1 in 1,000 to 1 in 10,000 chance for site selection.

Here's our insider secret to getting a cellular carrier interested in your site, revealed for the first time anywhere. First, pray to the gods of Radio Frequency. Then print up a dozen or so 18 inch x 24 inch "bandit signs" on your property that say in bold letters "I Want a Cell Tower On My Property." Your neighbors will probably steal them, but keep them posted on your property in a visible area. If a site acquisition consultant happens to be driving that way, you should get a call.

Last Question... (Extra Credit)
Q: What's the difference in signing a cell tower lease at ,000 monthly with 2% yearly increases vs. the same monthly rental amount at 3% early increases over a 25-year cell tower leasing term?

A: The difference is 2,000 over 25 years. WOW!! Are you happy or are you kicking yourself?

Cell Tower Lease FAQ's

Posted by win12dos at 9:44 AM  
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