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The cell tower industry is ever changing, and cell tower leases are subject to varying rates and terms. In 2024, it’s essential for property owners understand the current landscape of cell tower lease rates.
Watch the video to discover the most important factors that will determine rent rates in 2024 and beyond.
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I inherited property from my grandmother that had a cell tower on it.
What I Was Offered
The cell tower had been on my grandmother’s property since 1995 and a money-grabber went out to her property when she was 80-something years old and cut her rent down to half of what she was getting. He threatened she could lose the tower if she didn’t take the reduced rent. After I inherited the lease, With 6 years left on the contract, I knew I had to be proactive about getting a better deal.
Why I Chose Vertical Consultants
I reached out to a few different cell tower lease companies to find out what was possible in my situation. The other companies were saying that I may or may not be able to negotiate a deal and didn’t really seem interested in trying to help. Vertical Consultants was different and they were ready and encouraged me to get representation. I actually spoke with Hugh Odom not just an employee.
What They Did For Me
We ended up with 3 times more rent and now get a yearly increase. Vertical Consultants also negotiated that if someone else is added to the tower, I get compensated. My grandmother didn’t have that on her lease and missed out on extra income.
Why I Recommend Vertical Consultants
Working with Vertical Consultants was a very positive experience. The best thing is that I got representation. They are there for me to protect my interests or if I have any questions.