Cell Tower Land Lease Rates – Attorneys are investigating allegations that cell phone companies and other wireless service providers are underpaying cell tower owners for cell tower rental fees. In many instances, cellular phone company owners do not get more payments than they should be for their leased cell towers. Therefore, many property owners who purchase property in areas with too many cell towers are getting less than fair rental rates. As a real estate investor, one should have access to all the relevant information regarding this particular leasing industry.
There are many reasons why real estate investors purchase property that has too many cellular towers. The main goal is to make money with an asset by charging higher rental rates. However, sometimes this strategy backfires when a property owner can’t sell their property promptly. A good deal of research is necessary to ensure you invest in a property that gets you a fair rental and attracts a cell tower land lease rates.
When a cell phone company cannot get a lease for cell towers, they may consider removing them entirely from a property. When the mobile phone company removes the cell towers entirely from a property, the property owner often purchases more land to get the cell phone company’s rent back from the land. Therefore, it can usually cost more money to buy a property that doesn’t have cell towers on it than to buy a property that does have cell towers.
Land lease rates are particularly critical for property owners who live in areas near cell towers used by other cell phone service providers. It is common for these property owners to sell their property and pay a portion of the cost of leasing the cell towers to another mobile phone provider to lower the cost of their lease.
However, some owners of mobile phone companies who lease land do not have this problem because the cell phone companies cannot charge the landowner more money than they pay to lease the land. While negotiating the cell phone lease rate considering these factors can help you save money during the leasing tenor. You can also work with a cell tower leasing broker who can help you get the best deals. A broker has access to all relevant information regarding the land lease for cell towers, and they can guide a landlord and a cell tower company in getting a deal that would work long-term and benefit both parties.
