The Cove City Council, located in Oregon, as approved plans from AT&T to upgrade an existing cell tower. AT&T wishes to add more equipment in order to serve 4G customers in the area. According to The Observer, “The proposed upgrade involves replacing three panel antennas on the existing 80-foot transmission tower. The new antennas will be 18 feet to 24 feet longer and be able to handle more data at greater speed.”
This upgrade is also an opportunity for the telecom company to make more revenue from its customer base. 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 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.