Cell tower leases are a special niche that only experts should handle. The process of leasing a cell tower is different from normal property leases. If you are thinking of getting involved in cell tower rent project, here are top reasons why you need support from an expert. Check out Cell Tower Lease Experts.
A Cell Tower Lease Expert Understands the Forms
Most cell tower companies do not use industry-standard forms when it comes to cell tower rent. Instead, they use lease agreements that they draft in their own paper and terms. This may be quite challenging to a layman with no appropriate knowledge of technical terms. Besides, the paper is full of terms that slant more towards the tenant so it may be quite tricky on your part as the landlord.
While the company leases a section of land from a property owner, it is important to understand that their purpose of leasing is mainly for telecommunication activities. Only a certified cell tower rent expert can help you understand the forms properly for best results.
An Expert Understands Cell Phone Tower Lease Rates
In normal real estate dealings, the parties involved often use per square foot rental rates. This principle does not work in cell tower rental dealings. If you work with per square foot in cell tower leases, you can leave out a lot of money. In addition, landlords have a tendency to call their fellow landlords and share what they are getting paid for a cell tower lease. For inexperienced landlords, they often settle for fees that are below market rates. In order to get the best rates from cell phone tower leases, it is advisable to involve experts with adequate knowledge in the industry and the market.
An Expert Understands Coverage Gaps
As a landlord, you need to understand how high you can push the lease rates with your tenant before he goes away. Since you may not have appropriate knowledge on market rates, you may not know how to close this gap. You may not be able to understand the tenant’s needs, which are a very important aspect of the lease process. You do need to know the tenant’s objectives: why have they picked your property? What are they want to construct in the space? Answers to these questions play an important role in determining the outcome of the lease process.
The Experts Understand Trigger Events
Once the tenant has acquired the space, there may be site upgrades and extensions that may take place on the site. How do you charge these? It is important to know how to go about such processes relating to trigger events. By hiring an expert in the industry, you are on the safe side.
Cell towers can be erected anywhere that the tenant deems fit for the intended purpose. However, as a landlord, you may not know the intrigues involved in a cell tower lease process. As experts suggest, do not just yield to every move of the tenant. Instead, get an expert to handle the whole process.
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