Owning a prime piece of real estate might enable you to get better cell tower lease rates and it’s something which is vast becoming hugely popular. If you have property and a company approaches you to enquire about leasing the land out to house a cell tower, it’s a potential goldmine. However, getting the very best deal is often difficult to achieve as the company has the upper hand. Remember, any company can approach a landowner, but, if you drag your hells, they can walk away to find another property. So, what do you need to know to get the best deal for a cell tower lease?
Don’t Offer a Price – Let Them Do the Talking
A lot of property owners are determined to get the price they want and often ask for the price they really want. However, while it might seem to be a good idea to name your price, it’s not smart because you might out price yourself. For example, you name a price, but the company was willing to pay you more, you have technically lost out. Another example is that you overshoot the price and the company believes you’re being far too costly and they walk away. It happens and that’s why it’s best to let the company talk about cell tower lease rates and then have your say.read more.
Don’t Go Into Negotiations without a Lawyer
Cell tower lease rates can vary considerably and it’s tough to get a reasonable rate. However, it’s made a lot tougher when you go to the negotiation table without a lawyer. Why does it matter? Lawyers are experts at negotiating and they are the best people to have on your side when it comes to getting the best deal possible. Of course, if you don’t want to have a lawyer, that’s your choice, but it’s going to be a lot harder to get a deal that’s suitable. If you’re going to negotiate without a lawyer, take the time to research average costs to hammer out a reasonable price.
Know What You’re Talking About
Do you know what you’re talking about? Do you think a two year lease is suitable? Shouldn’t you be getting more for the lease? If you don’t know what you’re talking about, you can’t go into a negotiation phase with the company. Why is that? You’ll be laughed out of the room! Also, you’ll get short-changed and once you sign a deal, there’s no way to undo what was done. When it comes to cell tower lease rates you have to know every little thing about it, so that you can get a fair deal.
Get A Great Deal
Cell tower leases are ideal for most property owners as it can allow them to rake tens of thousands per year. However, when you’re new to this and want to get a great deal, it’ll take a lot of hard work. Remember, cell tower companies are trying to save as much as they can and they will try to offer the cheapest deal possible. Hopefully, if you know how to get a better deal, you can walk away with the best deal possible. Ensure the cell tower lease rates are reasonable for your property. visit this link: Top 5 Tips While Negotiating a Cell Tower Lease