Property owners are constantly being contacted by the tower company leasing their land to extend the term of their lease for 20, 30 or more years beyond the current lease expiration date. However, most property owner are being offered and accepting terms that significantly below the real value of their lease and as troubling are opening these same property owner that can negatively impact them and their property.
Vertical Consultants has provided services related to over 5,000 properties across North America, by helping evaluate proposed and existing cell tower and rooftop leases and negotiating optimal lease terms for our clients.
Should I Sign a Cell Tower Lease Extension?
Cell tower lease extension requests are offers by a cell tower companies to property owners to extend an existing cell tower lease by up to 50 additional years. It is crucial that a property owner know the “True Value” of their cell tower before acting. The wrong deal can result in undervalued rents and hazards to you and your property.
A 342% increase in rent sure helps with my retirement – Steve, Oklahoma
We specialize in being a full-service consulting firm, addressing the real estate, telecom and legal issues surrounding a telecom agreement.
If optimizing the value of your lease is important to you, then we are the company you are looking for. We can assist you in negotiating and structuring a lease extension that will result in maximum value for you today and into the future.
We are the leading cell site consulting firm in the United States due to the services and more importantly the results we get for our clients.
We wanted results and Vertical Consultants got them – Gina, Virginia
Cell Tower Lease Extensions – What We Can Do For You
Review Your Lease – We will evaluate the terms and the structure of your current lease to determine not only what options you have, but also what issues need to be addressed. We will also explain how any extension of your current lease may affect you in both the short and long term.
Evaluate Your Cell Site – We will review the tower site based on the characteristics of your cell tower site to determine the value of the cell tower lease not to you, but, more importantly, to the cell tower company leasing your land. We will determine which wireless carriers are using the tower, revenues being derived by the cell tower company, and cost and use restrictions that would limit the cell tower company in possibly relocation of the tower.
Recommend a Strategy – Based on our analysis of the unique features of your cell tower lease, we will recommend a strategy of how you should proceed and how we can best position you in negotiation with your tenant. We will clarify the pros and cons of extending your current lease and determine how to structure your lease as it relates to rental amounts, lease duration, escalation percentages, subtenant revenues, liability and insurance requirements.
Getting You a Better Overall Lease – We work on our client’s behalf to get the best “overall lease”. What does this mean exactly? We work as an advocate for you to get you a lease that looks beyond the immediate future and allows for a structure that will maximize the value of the cell tower lease, not only on day one, but throughout the term of the lease, while, at the same time, minimize the negative impact the agreement can have on your future development, disposition or even financing of your property. We have negotiated lease extensions with all of the major carriers and the major tower companies and our results are un-matched. In 2016, we immediately increased rents for our clients by an average of 322%. Its simple, we do more than give advice, we get results!!!