Determining the value of a rooftop cell site is obviously a crucial element to maximizing your rooftop lease, but it can be very tricky, which is why we recommend you contact Vertical Consultants today for assistance in determining your true potential value. There are many factors that go into determining your optimal rental rate. We are happy to assist you with sorting through the various elements that apply to your site to ensure you receive your maximum monthly payments.
However, when it comes to maximizing your rooftop cell lease, landowners must consider factors beyond simply how much rental revenue they receive. While rooftop cellular leases are very profitable to landowners, the landowner is subjecting a crucial element of their building to the whims of their tenant. Building owners must consider their right to control equipment placement, their tenant’s access to the roof, and the structural integrity of their building.
Right now, you may not have anything installed on your rooftop. It would be easy to let the tenant pick their location and not think again about what is being placed on your rooftop. However, buildings are often sold, go through redevelopment or need to be rezoned. You may even have more than one party interested in attaching communications equipment, but the inability to move the current equipment around ties your hands. This is why it is important for building owners to preserve the right to relocate the tenant if needed. Cellular rooftop leases are often in excess of 20 years. That is a long period of time to have no say in what happens on your rooftop.
Along with monitoring the placement of equipment, building owners should be aware of issues associated with accessing the roof to maintain and make repairs to tenant’s equipment. Often, leases provide 24/7 access to the roof. Does the unknown presence of strangers on the roof of your building at 1:00 in the morning, without supervision of their actions, make you nervous? How about your insurance provider? What if you want to change your old office building into a hotel where people are paying you to sleep right below where the workers are drilling? These are all factors to consider when agreeing to access provisions. Vertical Consultants advises clients to attempt to limit your tenant’s access to normal business hours between 8:00 a.m. and 6:00 pm, and only with prior written notice of their need to access your roof.
The final way to maximize your rooftop lease is to consider the effect of the tenant’s work on your structure. We have seen numerous examples of tenants carelessly drilling into the roof. This can cause leakage issues and void your roofing warranty. Did your tenant have an expert ensure that your rooftop could safely hold their equipment? That is a good question! The experts at Vertical Consultants have dealt with these issues before and can help you draft an agreement or amendment that will protect the structural soundness of your building.
When leasing space on a rooftop, communications companies, like AT&T and Verizon, are forgoing enormous construction and maintenance costs associated with a standard cell tower agreement. This leaves the companies with a lot of wiggle room on rent and other provisions; however, pushing too hard may result in the potential tenant going next door. This is why you need an expert like those working at Vertical Consultants who will guide you to the agreement that maximizes your financial intake while allowing you the flexibility to operate and develop your property as needed.
Call today for your free consultation and for more information on how to maximize your rooftop lease
In 2019, Vertical Consultants averaged an immediate 306% 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.
To learn more about our services, visit https://www.celltowerleaseexperts.com or contact Vertical Consultants at info(at)vertical-consultants(dot)com or 877.456.7552.