The number of cell tower lease agreements in the U.S. that are due to expire is growing at a fast pace. This is due to the fact that a majority of the contracts were first signed in the late 80s and early 90s. Current cell tower lease tenants are eagerly contacting their landlords with requests to either buy out the lease or to extend the lease for only a miniscule increase in monthly rent.
A cell tower lease’s value is in direct correlation to the current tenant, whether that is a tower company or a cell phone carrier company. Vertical Consultants can be of help in dealing with an expiring cell tower lease. We represent property owners in these challenging contract negotiations. Our goal is to take on this challenge for the property owner, and, ultimately, maximize the value of their property. It is important to have a knowledgeable ally in dealing with the re-negotiation process of a cell tower lease, so as to better understand the true value of the lease as it stands today and into the future.