Cell Tower Lease – So, what do you do now?
You have been contacted by a cell phone carrier or tower company who wants to construct a cell tower on your property, but you do not know what to do next. One immediate question you may have is, “What is the fair market value for installing such a facility on my property?” Vertical Consultants can not only answer this question for you, but can guide you through the entire process, from start to finish.
We averaged a 302% immediate increase in rents in 2020
Another question we get from landowners in your same situation is, “What are some factors for consideration when determining the value of a cell tower lease?” Unfortunately, there is not one universal answer.
But, here are a few common factors that we use to help determine the value of your cell tower lease:
- Whether the site is within an urban, suburban, or rural area;
- The varying size of each cell tower;
- The different zoning classifications, and;
- The proximity of the cell tower site in relation to cities and roadways.
These are just a few of the underlying factors that we research to help determine the value of a proposed lease. We understand that every property is unique and every cell tower location has a distinct fair market value. Our staff has the experience to interpret all of these factors in order to maximize the true value of your property.
How do we provide you counsel to help determine your property’s market value? We review comparable lease data and make inquiries in the area to determine what the average lease rates are for similar sites. We also examine what your potential tenant’s coverage objective is for the site, and see what, if any, alternative options that party may have in the vicinity to satisfy that criteria.
So, what is the next step? The next step for you to take is a quick and easy one. Contact us via phone or email to set up a free evaluation of your property and or proposed cell tower lease. Upon engaging Vertical Consultants for a review, we will begin the process by calculating the value of your site and provide consultation on what rights and services you can request from a potential tenant. In addition, we can interpret for you the industry terminology contained in most cell tower leases, and, more importantly, provide you with guidance on how these terms will impact you.
With our diverse background, which includes decades of experience in the telecom, real estate and financial industries, we can provide you with the knowledge necessary to negotiate any cell tower lease presented to you for the use and occupancy of your property. In addition, we provide you with as many options as possible, as it relates to your property, in an effort to maximize the value of your site and cell tower lease.