These days, most property owners who have cell towers on their property are getting attractive offers to buy their interest from tower leases. They might get similar types of proposals for cell tower leases buyouts for cell antennas on the side of the building or on the roof. It usually includes a variety of offers that include granting the buyers exclusive leasing rights for 40 or 50 years.
In this high technology era, people are getting addicted to cell phones. The increasing number of cell phone connections has truly increased the pressure on telecom companies to offer the best network and connectivity to their clients. This has consequently, increased the need for land and space to place cell phone towers. Consultants ask property owners regarding cell tower leases buyouts. They offer great deals in order to attract landowners. According to experts in the industry, it is very important to consider a variety of factors before getting into a deal.
First of all, it is very crucial to know whether the cell tower lease rent rates are financially good or not. The price that is initially offered is often quite low. It is often like a low ball, and it can be increased by doing some hard negotiation or soliciting competing bids. But there is another big issue. The owners of the financially profitable property are often troubled because new cell tower leases buyout companies take the biggest share of the gross revenue of about 30% to 50% from the site. Read more at Cell Tower Lease Experts
Realistically, this assumption of the property owner has some degree of business knowledge. They always look for knowledgeable consultants and lawyers to get assistance on cell tower lease extensions and other legal issues. The cell tower leases are like the standard real estate transactions; therefore, it is really important to choose someone who is specialized in dealing with all sorts of legal issues.
Secondly, one should keep in mind that from the point of view of a property owner, the buyout documents are often terrible. Therefore, it is highly recommended that before making the final “sales” decision, it is important for the property owner to ask for copies of the document which they need to sign. It will be better if they can get the documents reviewed by the lawyers who can analyse all the downsides involved.
The final point is that in cell tower leases buyouts, the owner of the property can try to get the legal fee reimbursed. For this, it is the owner’s duty to ask for it. Buyout companies generally have a great interest in such kind of projects and deals, so they will surely agree. So, if the property owner really wishes to proceed with the buyout, it is essential for them to consult a knowledgeable and experienced cell tower lawyer or a real estate attorney to represent them. The lawyer helps them throughout the lease buyout process and will negotiate several revisions that are required to the form provided by buyout companies.
Therefore, it is very important to keep the above-mentioned points in mind whenever someone is approached for a cell tower lease buyout. To find experts on cell tower lease buyouts, you may visit http://www.celltowerleaseexperts.com/cell-tower-lease-buyouts-2/ for more details.