Do you have a Crown Castle lease?
Crown Castle is the largest cell tower company in the United States, based out of Houston, Texas. Founded in 1994, it started with only 133 towers. Today, it operates over 40,000 towers with approximately 5,000 employees and 100 offices. American Tower and SBA Communications are two of its major competitors.
As a result of the experience these companies have in the telecommunications industry, we are providing the following 3 useful tips so you can maximize your cell tower opportunity. For more information, please feel free to schedule your free consultation with one of our experts today.
1. Read The Fine Print – The “Devil Is In The Details”
Crown Castle did not become a billion-dollar company overnight. Last year, their annual revenue exceeded $5 billion dollars. One of the reasons for their success is the fact negotiate the most favorable agreements for themselves – not for you.
A typical lease agreement has over 20 separate sections, and a typical lease buyout agreement has over 30. Many times, landlords lose sight of these important provisions which need to be addressed when considering any cell tower lease transaction.
Unfortunately, we have seen landlords unwittingly agree to detrimental language because they are not being represented by a qualified cell tower consultant. Some examples include not negotiating the right language for removal of the tower, restoration of the property, a right of first refusal, etc. However, once you sign, it is too late to correct these issues – and they have the potential to cause long-term problems for both you, and the property.
2. Hire The Right Expert To Protect Your Interests
Routinely, Crown Castle will use third-party contractors to contact their landlords. These agents are known as lease optimization companies. They include firms such as The Lyle Company, Md7, and Black Dot. Of course, Crown Castle also has its own team of experienced negotiators who secure the best deals for the company on a daily basis.
Regardless of who is contacting you, you can be assured that they will have much more information than you regarding the cell tower. For instance, how much traffic does the site receive, what is the capacity of the tower, how much profit can be attributed to the site, what is the potential for additional revenue in the future, etc. This is where you want an cell tower lease expert, who has the experience necessary, to represent your interests.
The experts at Tower Advantage not only have telecommunications expertise, they also have legal and real estate expertise as well. The President and Founder, Shival S. Bushan, Esq., is an attorney with over 20 years of experience. In addition, our experts have access to data for thousands of sites that can maximize your unique situation.
“…We knew if we wanted the best deal possible, we would need to hire an expert that could not only ensure we get the most money, but could also negotiate any legal documents…Tower Advantage negotiated all of the documents and even added many rights we did not think of that will protect us far into the future. They were also able to help me resolve several issues that related to previous ownership rights… – Carl N. [read more]
Whether you are considering a Crown Castle lease extension or your are considering selling your lease, contact one of our experts today to discuss your options – it is free and absolutely no-hassle.
3. Don’t Accept The First Offer
Have you ever heard – don’t accept the first offer?
As explained above, Crown Castle uses experienced negotiators to help them secure the best agreements. They know how to make you feel pressured that you will lose the deal if you don’t move quickly. Don’t be rushed into a transaction by accepting the first offer presented!
We like to say that knowledge is power. The more knowledge that you have on a subject, the better chance you have to know whether you are making the right decision.
Thus, we recommend hiring a cell site consultant like Tower Advantage that possesses that knowledge for your benefit. Our experts will maximize your Crown Castle cell tower lease opportunity.
Contact Tower Advantage today for your free
consultation regarding your Crown Castle offer.
(833) MY-TOWER
(833) 698-6937
