Vertical Consultants knows the importance of properly informing cell tower landlords throughout North America. Most landowners are under the impression that a cell-tower lease only affects a small portion of their property, thereby presuming it cannot do them much harm. However, in actuality, terms of new leases and amendments to existing ones are now structured in a manner that can negatively impact a property or business.
A smart cell tower lease is one that looks past the immediate future and allows for an overall structure that will maximize the value of the lease, on day one, spanning throughout the entire term. At the same time, a smart cell tower lease minimizes any negative impact the agreement can have on a self-storage facility’s development, disposition or even financing.
Hugh Odom, president and founder of Vertical Consultants states, “You need to review any agreement with an eye on the probabilities as well as the possibilities relating to your property and the lease. Again, we’re talking about an agreement that’s going to last for decades. Are you 100 percent certain what your business or property is going to look like in five or 10 years, much less 30? You want a lease that provides flexibility to adapt to changing conditions.”