Have you been contacted by Tower Alliance?
Tower Alliance is an agent of the multi-billion dollar tower companies (e.g., American Tower). They try to get you to agree to a deal that is in their client’s best interest – not in yours! If you have been contacted by Tower Alliance, we recommend contacting Tower Advantage for your complimentary initial consultation. We are your advocate so you do not get taken advantage of.
Scare Tactics Are Common
Often times, these types of companies will use scare tactics in order to persuade landlords to accept unfavorable terms.
In one recent letter that one of our clients received (click here to see the letter), Tower Alliance claimed that the only remaining subtenant – Sprint – will soon be abandoning the site. This was not only untrue, there is no way Tower Alliance could know that information. Secondly, the landlord had more than one subtenant on the site – which we could verify.
However, most landlords who do not rely on the proper cell tower lease expert can be fooled into agreeing to something that they will regret.
Rent Reductions and Abatements
Sometimes, Tower Alliance will provide options that include rent reductions or rent abatements for landlords.
The reasoning they provide is that the tower is currently operating at a loss – or will soon be operating at a negative margin. As a result, they don’t want the sites to become a target for decommissioning. Yet, when landlords contact us who are in this situation, and we review their specific scenario, we find that almost all of the sites are clearly profitable.
We never recommend accepting a rent reduction or rent abatement, except in rare circumstances. We suggest contacting one of our experts who can better provide you with the knowledge you need in these situations.
How Does That Make Sense?
If you have had your cell tower lease for some time, you have likely heard from companies wanting to buy it. Tower Alliance is also in the business of purchasing wireless lease agreements.
Often times, a persuasion tactic is to convince you the site may not last the length of the lease term due to the tenant terminating the lease early. In fact, some cell tower leases have been decommissioned due to mergers. One example is when many Nextel sites were taken down after the company merged with Sprint. As a result, those landlords lost their rental income stream when the sites were terminated.
Yet, immediately after trying to convince you that your cell tower may not be “long for this world”, many of these companies will offer to purchase the lease for a large lump-sum amount. Yet, how does that make sense? Why would anyone want to purchase an asset that can cause the buyer to lose their investment?
The answer is that your cell tower lease is likely going to be there for a long time – and they are confident of that fact! Otherwise, they would not be interested in it.
Tower Advantage Is Your Advocate
Tower Advantage works exclusively for property owners so you can have the representation you deserve. Feel free to contact us anytime for your free initial consultation. We will be happy to provide you with our recommendations for your cell site lease.
We look forward to having you join a long list of satisfied clients that are glad that they had an expert in their corner.
Contact Tower Advantage today if you have
been contacted by Tower Alliance.
(833) MY-TOWER
(833) 698-6937
