A 200-foot tower in Pensacola, Florida underwent equipment upgrades recently. The entire Gulf Coast will be receiving tower upgrades in order to keep up with the demanding data and voice services offered by large telecom companies. According to the Pensacola News Journal regarding the cell tower project, “The crew is working in the local area upgrading equipment for a local provider to help improve cell phone and data services along the Gulf Coast.” If this upgrade has garnered any additional revenue for the tenant, then the property owner should be entitled to a fair share in such increase.
In addition to the monthly base cell tower lease rents, any landowner should also be aware of the potential to garner certain additional rent from revenue sharing with the tenant. It is advantageous for a property owner to accurately determine what options a cell phone carrier or tower company may have and more importantly what value the site will ultimately garner for the tenant in the form of revenue during the term of the lease. Vertical Consultants has decades of experience in the industry that allows us to accurately determine what options a cell phone carrier or tower company may have and more importantly what utility the site will ultimately garner for the tenant. This knowledge will assist a property owner in obtaining favorable terms in any lease negotiation, including, but not being limited to, its ability to request revenue sharing from a tenant.