Getting Creative With Towers Advice
Cell tower lease is a mystery for numerous people who are interested to get into such. What seems to be the problem here is, there’s no specific answer since there are different buyers who buy at different times, expect that the asking price and leases will be different too. In other words, the lease should be taken each apart to get the right price.
Location of rooftop or tower – when talking about the location of cell tower, this is going to be a bit complex to find the right assessment of its value. Some old towers might have less significant cell phone carriers as they’ve filled in coverage by purchasing another cell site of the carrier. They’ve made a deal in locating their equipment on the site of their competitor or even bought the entire carrier. It doesn’t matter if the site is considered as an essential part of the coverage, the present and the future is always a basic element that is considered to get the right price.
The current rental rate paid by the competitor or carrier is yet another factor that’s used to calculate its value.
Remaining term on the lease – as a matter of fact, cell tower lease is worth more if there’s lesser time that is set on the lease. Because most of the leases are subpar with regards to monthly rent, co-location and escalators, buyers are well aware that they’ll be more capable of renegotiating the lease. More often than not, they can double the rental price, add participation in subleases and improve escalators.
Co-location rent, escalators and rent – keep in mind that there is an open negotiation for the rentals, escalation clauses and co-location rent. You simply need to understand the importance of a cell site to the carrier or to the carriers who occupies the rooftop or tower. There are some sites that are actually more important than others and cell lease buyers will be taking this one into mind when they are bidding on a lease.
Know your cell tower lease buyers – keep in mind that you’re still dealing with companies and these companies are notorious for making huge profits in such transactions. They have sales people who are paid more if they could get the lease for less. In regards to this matter, you may have to work with a cell tower lease specialist or attorney who can help you navigate through this and ensure that you are talking to the right people and getting a fair lease rate.
Use a cell tower consultant – basically, a cell tower consultant or adviser or cell tower broker will help you make money. So on your deal, they are going to be an invaluable part of the transaction.
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