Things to Know Regarding Cell Tower Leases
When you are not really familiar with the telecom lingo, then it can be very hard to negotiate such cell tower lease. Well, you need to make sure that you are really getting a fair market value for the cell tower rate. There are various lawyers who are not so familiar or knowledgeable when it comes to cell tower leasing contracts or they cannot help you get the most money from a certain cellular company.
If you are not familiar with the lingo as well as the cell business, then there are many issues that can come up. The cell company would force you to agree to their terms that can later make you unhappy. Also, your attorney would push you out of a deal. Another thing is that the cellular company would be negotiating for a different location.
Through such situations, you are not getting that fair cell tower lease agreement. Well, what you must understand regarding the cell tower lease rates is that those cell phone providers would rather want you, being the property owner, kept in the dark. It is very important to know that their site acquisition contractors are actually getting big bonuses because of being able to implement such cellular tower leases that are below the fair market value. If such terms of the lease are really favorable to the cell carrier, then such leasing agent would get a bigger bonus. If you are paid less for the contract, then the agents are getting even higher bonuses.
You must understand that such is a common practice in many fields because of the reason that you live in such capitalist economy. However, if you wish to make sure that you will be able to get the best rate for the lease, then there are some things that you must know regarding such potentially profitable opportunity.
In several cases, the property owners would ask such cellular site specialist to offer them with a comparative cell tower rate for their area. But, be aware that the cellular companies are also making use of the comparative pricing so that they will be able to convince you that you are actually asking for a lot.
For such reason, the best thing that you can actually do is that you must not trust the cell tower leasing contract in the hands of that standard legal counsel or those lawyers from the cellular company. It is actually best that you would get honest and also knowledgeable help from a person who specializes in the cell tower leases. It would be best that you get an experienced negotiator regarding the cell tower rates.