Important Items To Look For In Cell Tower Lease Agreement

Unlike residential or cell tower lease agreements are usually presented by tenants and not the landowners. In these cases, it is important to have professional consultation hired by landlords since the agreement would be drafted by the tenant. Cell tower lease experts ensure that best interests of property owners are taken care of.

Here goes the list of important items you should look out for:

1.     Lease Limited Part Of Your Property

Cell tower companies asking for 10,000 square feet area for lease actually do not need this much of land. It is shocking when they are seen asking for hundred times more land from property owners. You will straightaway give away rights and much more to that land for a long period.

2.     Hire An Expert

Oftentimes the cellular company representatives are accompanied by legal experts too. Sitting on the table without an expert can cost you heavy. Being a layman, you might not be understanding the minute things about lease agreement. Moreover, negotiating a fair price would be easily possible with help of cell tower lease expert and ensure you don’t leave money on the table.

3.     Rent Escalations

Most of the landlords do not understand that over the time value of money decreases. Logically rent you are likely to decide might not match the market rates for 10 years later. There should be provision to revise or escalate the rent after few years of lease. This item can only be discussed with the help of a professional advocate.

4.     Don’t be too generous

While granting options to the tenants’ landlords need to be extra cautious. Whatever clauses they present to you are changeable subject to your convenience. Unless you are 100% sure about something don’t give thumbs up. Make sure your property is not just an option for the cell tower company.

5.      Keep the lease term as short as possible

Instead of looking at the longer lease period as a source of ancillary income you should mind the depreciation in value of money with due course of time. For getting paid better you should limit the lease period to the minimum. This opens new negotiation opportunities for you in during the renewal of cell site lease.

Cell tower lease expert working for you can make you thorough with such and more aspects of a cell lease agreement. It ultimately leads to taking an informed and profitable decision.