How To Get Higher Cell Tower Lease Rates

Cell tower companies need to secure multiple locations in order to install antennas and make the technology work better for the customers. It would be too costly for them to purchase so much land. It would also take too much time to finish the paperwork for the transfers of ownership. Instead, they usually negotiate with the current property owners and take on leases. This is faster and cheaper for their businesses which make it a viable model. As for the property owners, they can enjoy rent payments monthly without lifting a finger. Here is how to get higher cell tower lease rates:

Negotiate with Multiple Parties

Never sell yourself short. If you get an offer from one cell tower company, then it means they consider your property as an excellent location. Do not agree to their terms right away. Instead, see if you can negotiate with multiple parties. Ask other cell tower companies that operate in the area if they are interested in a lease on your land. Maybe you can get a better offer from some of these. At the very least, you should be able to keep them honest because of the competition. They will try to outbid each other to get the location.

Consult with Cell Tower Experts

If you are not sure how much you should get, then you may want to consult with cell tower experts. These professionals have years of experience in the telecoms industry. They know exactly how the cell tower lease rates companies work and how much they typically bid on different locations. They can assess your land and the current industry landscape to come up with realistic figures. If they find that the current bid on your land lease is too low, then you can immediately decline and ask for higher payments. They might also be able to point you to other companies who may be interested.

Remove Sources of Risk

If you want more parties to get interested and pay more for your location, then you should make the property as enticing as possible. Remove any sources of risk for that might make them think twice and cause them to offer a lower value. For example, there might be ownership questions surrounding the title which means that their equipment might not be in good hands. There could also be security issues in your area that you can address in a suitable manner.