A cell tower lease agreement can provide property owners with the both better cell service, and a valuable income stream for decades into the future. Tower Advantage has put together a comprehensive service to now help landlords market their property to the companies looking to build them. For more information, please click here.
Category Archives: FAQs
What effect does a cell tower lease or cell tower lease buyout have on the value of my property?
That is a tricky question – as the answer is simply: it depends. As one can imagine, any increase in income on a property can usually increase its value. However, you have to ask key questions like what is the highest and best use of the property where the cell tower is located, or will be located? Are there provisions in the lease that allow you to not be “held hostage” by the tenant over the long-term? We will be happy to explore these and other questions that will better answer your question. For more information, please review our articles on the 4 Advantages and Disadvantages of a Cell Tower Lease and Your Complete Guide to a Cell Tower Lease Buyout.
What does revenue share mean?
Revenue share is a term used to describe when a portion of the total revenue related to a new cell tower subtenant is shared between the landlord and tenant. A revenue share is not common in a majority of cell tower leases due to a variety of factors. For an in-depth review of your opportunity for a potential revenue share, contact Tower Advantage today.
Should I extend/renew my cell tower lease?
Most leases were written decades ago and have provisions that are not current, are one-sided, and need to be updated. In addition, although sometimes it is difficult to say “no” to what may seem like relatively easy money, by not having a cell tower expert who is representing your rights take a closer look, you may leave tens, or even hundreds of thousands of dollars “on the table” – not to mention, you may put yourself into a position that could have been easily avoided. Find out the 6 Important Negotiation “Facts” that you need to know regarding a cell tower lease extension.
How do I contact my cell tower tenant?
There many cell tower tenants so for more information, please see below or feel free to contact us for more information.
AT&T: (877) 231-5447 / releaseadmin@att.com / https://landlordportal.att.com/home/
Verizon: (866) 862-4404 / https://www.verizonwireless.com/biz/real-estate/
T-Mobile/Sprint: (877) 373-0093 or (800) 357-7641 / PropertyManagement@T-Mobile.com / https://howmobileworks.com/contact-property-management/ / https://howmobileworks.com/landlord-support/
What are the current cell tower lease rates?
Cell tower lease rates are based on a variety of factors and there are no simple averages. Some examples that affect the lease rate are the capacity and coverage of the site, where the site is located, and the competition and alternatives available. The experts at Tower Advantage have negotiated hundreds – if not thousands – of leases and have access to comparable rates based on your specific scenario.