Property owners with Verizon cell tower leases have been receiving notices concerning the recent transaction with a major tower company involving many of Verizon’s cell towers. Several of these landlords have been contacting Vertical Consultants to assist them regarding their leases. Landowners should be aware of how the transition from Verizon to the purchaser of these towers will directly impact them. Some landlords are being asked to sign letters, which will waive certain rights under their current lease terms.
It is extremely important that all property owners seek counsel prior to signing ANY agreement to determine what options they have now and going forward regarding not only the value of the cell tower lease, but also how Verizon’s sell of the tower will impact them now and in the coming decades. Vertical Consultants can work to negotiate terms that establish rights that are beneficial to the landowner, while limiting the obligations that same party may have under that same agreement, or more to the point get the most and give up the least. A property owner’s first step will need to be to establish “True Value” of its site and go from there.
In 2018, Vertical Consultants averaged an immediate 305% increase in rents being received by its clients, and since 2010, has been able to assist its clients in the recovery of over 300 years worth of combined underpaid, and, in some cases, unpaid rents and other expenses that were rightfully due to these property owners located throughout North America.
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Visit https://www.celltowerleaseexperts.com or contact Vertical Consultants at info(at)vertical-consultants(dot)com or 877.456.7552.