Many property owners across the United States have told us that cell tower companies have mentioned that if the property owner does not agree to certain lease terms, the tower company will relocate its tower elsewhere.
So here are some quick facts that you should know:
- A cell tower company has hundreds of thousands of dollars invested in its current location and has incurred expenses associated with the construction of a cell tower and its upgrades.
- A cell tower company will incur significant costs if it chooses to remove a cell tower. This cost depends on the tower facility located on a property and the cost to migrate the wireless antennas operating at the site to another location. These costs can run into the hundreds of thousands of dollars.
- Sometimes a cell tower company is very restricted in its ability to relocate a tower due to certain agreements it has with parties leasing space on the tower even if the relocation is right down the street.
- Lastly, the cell tower companies do not want to do anything that would jeopardize the rents they receive from their tenants and relocation of the tower could do just that.
Ultimately, the greater the cost for a cell tower company to relocate the tower, the more valuable your lease will be.
The trick is knowing how to determine these costs and knowing what relocation options a cell tower company really has in your area.
Remember the telecom companies have experts working for them, shouldn’t you?