Have you been contacted by a telecom or tower company looking to lease your property to construct their cell tower and telecommunications equipment? The most common question many property owners have when this happens is how much rent should they receive for the use of their land.
Telecom companies will lead property owners to believe that they have no options when it comes to negotiating the terms of a cell tower lease. This is especially true regarding the amount of rent a landowner can ask for. The truth is that property owners most likely have the upper hand in such a transaction.
The rent that a property owner can receive from a telecom company is directly tied into either how the particular property fits into a telecom company’s wireless network. Another important issue is how much money a telecom company can collect from others to use the site now and in the future.
Vertical Consultants has decades of experience in determining the value of telecom sites across North America. We work with our clients to make sure they receive the rent they deserve today and throughout the term of their cell tower lease. If you are contacted to place a cell tower on your property, remember the telecom companies have experts working for them, shouldn’t you?