Due to its continued mobile expansion to provide improved and more efficient services, a major telecom company made upgrades to yet another cell site. Residents in Manassas, Virginia, will now enjoy faster and more reliable network coverage. According to a representative from the telecom company, “As part of the Manassas community, we’re always looking for new opportunities to provide enhanced coverage, and our investment in the local wireless network is another way we’re accomplishing that.”
This upgrade is also an opportunity for the telecom company to make more revenue from its customers. In addition to the monthly base cell tower lease rents, a 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 the favorable terms in any lease negotiation, including, but not being limited to, its ability to request revenue sharing from a tenant.