Tag Archives: Cell Tower Lease

Cell Tower Lease, 7 Things To Look For

Getting a competent and experienced cell tower lease consultant isn’t as easy as it sounds. But he will surely be a valuable addition to your team.

Here are seven criteria to check when hiring a cell tower lease consultant;

#1. Work Experience

This may sound strange to you, but always prioritize experience over cost. In my opinion, no amount is too much to get a mouthwatering cell tower lease rate on your property.

Preferably, hire a consultant who has helped top cell phone companies handled cell tower lease agreements in the past. Of course, their fee may be on the high side. But it’s a valuable investment that will undoubtedly yield a great return.

The greatest mistake you will make is to hire a neophyte who only knows about cell tower lease in theory and is using you to practice. It could ruin the entire agreement and get you some terrible deals.

#2. Success Track Records

Cell tower lease consultants’ experiences aren’t enough to hire them. Ensure that they have excellent track records of success. Go to popular rating platforms like BBB to see what people are saying about the consultant you want to hire. Trust me, the internet never hides a secret, and customers will always express their pleasure and displeasure about different consultants on rating platforms. See more!

#3. Understand their Proposals and Fees

During the pre-hiring stage, discuss terms and conditions with the consultants, including the consultation fees.

If the consultant offers an extremely high price, check their experience and track record to see if it is worth it. But there’s a standard fee, and when a consultant is offering something too high, you can always check other options available to you.

Similarly, if someone you meet on the internet is offering something too low, it’s a red alert. I doubt if you will ever get a quality job from such a consultant. So, always look before you leap.

#4. Ensure You Are Working Directly with the Owner of the Company

The mistake most people make when hiring a cell tower lease consultant is not dealing directly with the company’s founder. If you allow the consulting company to hand you over to an advisor, you may not get the expected result. However, the founder will be committed to delivering you a great deal.

#5. References from Accredited Institutions

Before hiring any consultant, ensure that they have references from accredited institutions and top-rated cell phone companies; with this, you will work with the most talented and experienced consultants around.

#6. Hire a Consultant Without A Conflict of Interest

Always do your due diligence to ensure that you aren’t hiring a consultant with a conflict of interest. If you hire a consultant who currently consults for a wireless carrier, such a consultant will always be loyal to the carrier. And you may get a poor deal.

#7. Work With Someone Who You Enjoy their Company

Some cell tower lease transactions take months or years to complete, and if you are working with a jerk, you may be in for long boring months. But if you hire someone you are comfortable with, every time you spend together will be worth it.

You can know more at https://www.gtlabar.org/leasing-rates-cell-phone-towers/

Leasing Rates for Cell Phone Towers

Just like when you are determining the correct value for your home, the same idea applies to cell tower lease rates. The value is affected by size, quality, neighborhood, age, style, color, comparable sales etc. However, there are few more things to keep in mind when leasing a cell tower site. Cell tower involves technology, legal, engineering and wireless carrier marketing. It is also important to note that a single site is largely dependent on a much larger cellular network.

Why is a cell site needed? In a time where mobile comes first, there are many reasons why cell sites are needed. To name a few, cell sites can reduce excessive dropped calls, poor quality phone calls, increase data download speeds, radio frequency engineering department usually builds additional sites because of new construction in homes, businesses, or venues and data capacity can be significantly improved so that wireless users can have faster data connections for audio/video uses.

A cell tower lease is an agreement between two parties. The agreement is based on the cellular provider’s approval to operate equipment on the property owner’s land in exchange for rent.

How do you determine your Lease Rate?

Just like real estate, cell tower lease rates are variable based on location. For some property owners, rental fees from a single cellular provider can range from  $150,000 in a single year to barely $100 per month.

Cell tower lease rates are essentially based on these 3 factors:

1.     Cell Tower Lease Types

2.     Location of the Cell Site

3.     New Technologies

Cell Tower Lease Types:

Cell Tower Ground Lease – This is a standard lease agreement between a cellular provider and a property owner. This agreement specifies how much land will be dedicated to the construction of the cell site and the contract provides the wireless operator permission to accessthe lease premises. Check here!

Lease Expansions – This type of cell tower lease agreement occurs when a party wants to expand the agreed-upon area from the original ground lease. This agreement typically applies when there is a plan for area expansion and/or equipment upgrade.

Additional Ground Space Lease – Unlike a lease expansion, this lease involves leasing a completely new section of land to a separate carrier.

Tower Collocation Lease – This type of lease is used when a carrier wants to utilize the cell tower and ground space on an existing cell tower already owned by another wireless carrier or tower company.

Rooftop Cell Sites of Commercial–These cell towers are antennas installed on commercial building rooftops. Rooftop sites tend to be popular in the metropolitan areas where there are many tall buildings.

Location of the Cell Site

In tightly packed urban areas,cellular rents are naturally higher. Why? There’s competition. This can put cellular providers and tower companies in a critical state because any delays in Internet connectivity for their customers will ultimately result in a loss of profit.

New Technologies

Small cells, such as microcells, are beginning to become a more favorable option for cellular providers, as they are more efficient, less costly, and somewhat easier to implement in a variety of locations. Microcells are most popular in urban areas where open space is limited. For more information, visit: https://ezinearticles.com/?Cell-Phone-Towers,-NIMBY?&id=2579185

 

References:

https://www.landmarkdividend.com/cell-tower-lease-rates-explained/

https://cellwaves.net/cell-tower-lease-rates/