Negotiating a lease can be extremely difficult when your head is turned by impressive cell tower lease rates. As a landowner, you might be tempted to focus on the rental fees and agree to anything, but that presents a risk. Cell tower leases are full of hidden clauses and technical jargon that can quickly overwhelm you. It’s not uncommon to feel out of your depth when negotiating a cell tower lease. So, what five tips from the experts could help you during this time?
Anything Can Be Negotiated
You might assume it’s only fees that can be negotiated, however, that’s not strictly true. A cell tower lease can be negotiated right down to the finest detail – and that’s by both parties. You can negotiate anything, including the terms and conditions. That is something few people know or think about, so it’s important you know that fact too. Having the ability to negotiate or renegotiate terms can be so useful to ensure both parties are happy with the deal.
Get to Know What Cell Towers Are and How They Impact Your Land
Ask any expert and they will tell you how important it is to fully understand cell towers and what renting your land entails. It’s a massive commitment on your part because while the company can terminate the lease, you can’t. It’s crucial to understand what cell towers are, how they work, and how they can influence your right to sell land and who has the final say. Far too many people focus on the cell tower lease rates only, however, it’s important to know these things also. Know more here!
Always Have a Consultant in Your Corner
It’s easy to get carried away during the negotiation stage as the numbers can dazzle you. Sometimes, you are happy with the rental fees you don’t stop to consider anything else. That is a major mistake because there may be things that aren’t suitable to you at all. However, by having a consultant at your side, they can handle most things. You really can benefit by having a consultant during the negotiation stage of your cell tower lease. They can advise you and do most of the work.
Always Ensure the Business Terms Are Agreed First
While your priority might be with the cell tower lease rates, you cannot neglect the business terms and conditions. These should be hammered out first since these are the most important aspects of the contract. Of course, the rental fees are important too; however, if the business terms are not suitable for you, there is no deal. So, getting these terms hammered out first can often make the rest of the process easier for all parties.
Square Footage Doesn’t Increase Rental Value
While you might believe rental fees are dependent on the amount of square footage your land has to offer, that’s not entirely the case. Square footage does matter, however, that does not determine rates. Cell tower lease fees are often determined by the demand in the area, among others. Knowing this may ensure you don’t try to negotiate a higher price when it doesn’t merit one.
A Lease Has to Be Fair and Right
Companies can offer fair prices and great terms relating to a cell tower lease; then again, others may not. It all comes down to the people you’re dealing with and who you have fighting in your corner. If you go into cell tower lease negotiations with little knowledge or help, you might end up with a rubbish deal. That is why you need to know everything you can about this subject and get some help from a trained expert. Cell tower lease rates can seem great, but if the deal isn’t right, money won’t correct the situation. For more details read our article: https://www.sagecountryinn.com/finding-a-qualified-cell-tower-consultant/