How much does Verizon pay for cell tower leases?
Verizon is one of the largest players in telecommunications, and with the race for 5G implementation they are still seeking new land, building, and rooftop sites. Verizon has a simple plan when it comes to determining how much rent they will pay for the use of you land and that plan is not only to get you to agree to the lowest amount of rent possible but also to make sure never get any more no matter how much value they get from your property. Property owners should prepare for negotiation during the process to not only get the right rent amount on day one but throughout the term of your cell tower lease.
What To Do When Verizon (or American Tower) Calls
Have you been contacted by Verizon or American Tower to put a cell tower on your property, extend your Verizon cell tower lease, or negotiate the terms of a lease buyout? Here are a few common reasons they contact people about cell tower leases:
- New Construction: New Verizon cell tower lease agreements typically come in two flavors: construction of a new tower or by adding small cell equipment or antennas to your building. If you are a property owner, they want to see if you are interested in leasing your property for the construction of a cell tower. Building owners will be asked to install rooftop antennas & may be able to negotiate their rent based on multiple locations.
- Modify: Both Verizon & American Tower aggressively seek to make changes to existing Verizon cell tower leases. The new agreements allow them to expand the size of leased area or upgrade equipment on the cell tower lease site.
- New Equipment: Cell sites often need update to keep up with evolving technology like 4G/LTE or 5G. They want to add equipment which may include new or additional antennas, generators, fiber optic cables or utilities to serve their equipment.
- Add a Sublease: Many towers include sublets & you may be contact to request the consent for third-parties to sublease space.
- Extend Existing Lease: They request an extension to your existing Verizon cell tower lease, granting them access the tower for a longer period of time.
Outlook for 2021
- Aggressive Cell Site Growth with rollout of 5G network
- Continued Emphasis on Small Cell & Distributed Antenna Systems
- Pursuit of Large-Scale Lease Renewals
- American Tower Attempting To Extend Leases on Verizon Cell Towers They Bought
- Substantial 5G Upgrades
American Tower & Verizon Wireless
Did you know that American Tower paid 5 billion dollars to Verizon for the rights to 11,323+ cell towers? This deal impacts you in more ways than you may realize. If you suspect your tower is one that was included in that deal, be sure to read 4 Things They Don’t Want You To Know: American Tower & Verizon.
How Our Consultants Can Help With Your Verizon Cell Tower Lease
Vertical Consultants will work on your behalf to determine what options you have for any Verizon cell tower lease request. As part of our comprehensive telecom, real estate and legal services, we can also help you determine how best to negotiate a Verizon cell tower lease.
Let us help you maximize your Verizon Cell Tower Lease.
We will review any proposed agreement given to you and determine options, based upon both the independent value of your property to Verizon and the impact on your property. As well as how to best structure rent you will be paid under such agreement and other terms. This will increase the value of your lease immediately, and also throughout the term the lease. Contact us today regarding any request that has been made by Verizon. We review any request that may have been made by Verizon free of charge and provide you with options you may not have otherwise thought were available.
Don’t Hesitate: Schedule Your Free Consultation Right Now
Are you getting correct Verizon cell tower lease rates for your existing or new cell tower lease offer? Contact us today to find out. Results Matter: In 2020, Vertical Consultants averaged a 302% immediate rent increase for our clients. We get results. We’re the only full-service telecom consulting firm, handling telecom, real estate and negotiation questions all in place. No other consulting firm can say that, nor can they match our results. “Advice is Nice but Results are Better.”
Vertical Consultants is always open to provide you references from clients we have assisted. Further, you can speak to them directly.
We averaged a 302% immediate increase in rents in 2020
How Many Towers Does Verizon Have?
Verizon is independently operating approximately 2,000 cell towers and over 4,200 rooftop sites throughout the United State, with 11,324 towers being managed by American Tower via recent agreement signed between the parties, Verizon is set to added tens of thousands of new cell sites in the next few years in order to build out its 5G network.
Do I Need A Lawyer To Negotiate My Agreement?
The short answer is yes. Landowners without an experienced attorney fighting for them wind up signing contracts that leave money on the table and are loaded with terms that only benefit the telecommunication companies. In worst case scenarios, property owners even sign away the control of future decisions for their own land without realizing it. The Vertical Consultants team includes former attorneys who worked inside AT&T, T-Mobile and Verizon and are familiar with their negotiation strategies and contracts.
How Do I Contact Verizon About Adding Cell Site To My Land?
Like most cell tower companies, Verizon employs a third party (usually local or regional real estate companies) to contact property owners about properties where they may have an interest in building a cell tower. If you are contacted by Verizon about building a cell tower on your property, you must understand both the value of your property to them. It’s also imperative that you understand exactly what you are agreeing to, as most cell tower lease agreements are long term. If you want to get more information about the application process and you can visit Verizon for real estate inquiries. We cannot emphasize enough the importance of having representation before you sign any paperwork!
Should I Extend My Lease If They Offer?
You should treat your lease renewal as an opportunity to renegotiate. It’s the perfect chance to review the cell tower rent contract and re-evaluate the value of your site, terms of the agreement, and options you might have. Property owners with a Verizon tower on their property will either be contacted by Verizon or by American Tower which presently manages over 11,000 Verizon cell site. Either way, understanding what you are being offered is important but more important is understanding what you offering Verizon in return.
What If Verizon Wants To Buy My Existing Contract?
If Verizon has reached out to you about buying out an existing contract either directly or through one of their representatives, most often companies such as BlackDot and MD7. Be sure to seek help from a professional cell tower lease expert. Over the years, we have seen cell tower companies send numerous clients a wide variety of letters to existing cell tower lease holders. Some of these letters are misleading, aggressive, and just plain false; others are vaguely threatening, and some are simply confusing. As one of the largest cell service providers in the country, Verizon is absolutely protecting their best interest with any offer. Give yourself the same protection! If you are not contacted by Verizon or one of their 3 party representatives directly, then you probably have been contacted by a company like Landmark Dividend, Cell Tower Advisors, or AP Wireless, amongst others. Proceed with caution. These companies often look to buy leases so they can take over the lease themselves and profit from your rent.
How Do I Maximize My Revenue Opportunity?
Cell tower leases are a great opportunity for passive income; however only if properly negotiated. If Verizon or a representative has contacted you about a new or existing cell tower lease, this could be a chance to maximize the amount of rent you receive today as well as what you receive going forward. On average, property owners leave approximately $852,000 on the table over the life of the lease. Contact a cell tower lease negotiation expert to work on your behalf in order to get the highest value possible. Only an experienced consultant will know the full value of your site as well as how to negotiate on your behalf.
Does Vertical Consultants Have Experience Negotiating With Verizon?
Vertical Consultants has consultants on staff that have decades of experience in the real estate, legal and most importantly the telecom industry. Vertical Consultants founder and President, spent over 10 years working as an attorney inside AT&T and other consultants on Vertical Consultants have spent time inside Verizon, T-Mobile and other telecom companies. The members of Vertical Consultants now face from the other side of the table and as a result have a unique insight into approaching issues surrounding both new or existing Verizon cell tower lease agreement. Hugh and his team have structured and negotiated thousands of cell tower lease agreements over the past decade. In 2020 Vertical Consultants average over a 302% immediate increase in rents for its clients. Vertical Consultants insiders’ knowledge equals results for its clients.
Who Is Verizon Wireless?
What eventually became Verizon was originally founded as Bell Atlantic, which was one of the seven baby bells were formed after AT&T was forced to terminate control of the Bell System by judicial order. Bell Atlantic came into existence in 1984, with a footprint from New Jersey to Virginia, with each area having a separate operating company. As part of the rebranding the baby bells took in the mid-1990s, all of the operating companies assumed the Bell Atlantic name. In 1997, Bell Atlantic expanded to the Northeast. In 2000, Bell Atlantic merged with GTE, which operated telecommunications companies across most of the rest of the country that was not already in Bell Atlantic’s footprint. Today Verizon Wireless serves over 120 million subscribers and operates almost 50,000 cell sites across North America. Results Matter: In 2020, Vertical Consultants averaged a 302% immediate increase in rents being received by our clients. We get results by being the only full-service telecom consulting firm that can handle your telecom, real estate and negotiation questions all under one roof. No other consulting firm can say that, nor can they match our results. “Advice is Nice but Results are Better”