Cell Tower Land Rental Rate
When a Site Acquisition Specialist representing a wireless carrier approaches a property owner with an offer to place a cell tower on their property, most are fixated on the amount of rent they will get for the tower. This is the first topic of discussion practically all landlords raise with us. They want to know if they can get more rent than what is offered. Wireless carriers, after leasing tens of thousands of cell towers nationwide, know this about property owners. So they are very calculating as to how they approach property owners with the offers. We agree that rent is an important factor in all tower agreements, but we never let it distract us from other very important terms that will have contractual and property rights implications impacting our clients’ future income or how they use their land in the future. Terabonne’s team consists of experts who have worked as employees of wireless carriers designing and developing cell sites since 1995. We know all the tactics. We’ve designed, leased, and zoned thousands of those mobile cell towers. We understand the operational requirements and use this knowledge to negotiate the best terms for our clients, beyond merely negotiating rental rates alone.
How Your Land Qualified For A Cell Tower
For a property to qualify as a candidate on which to build a cell tower, dozens of criteria must be met. In the early stage, the property must be within the Search Rings meeting RF engineering requirements. If your site meets the location requirement, there usually are about a dozen other properties that can be identified within the same search radius. Additional criteria are placed to assure that your property can pass zoning conditions, including zoning designations (agriculture, commercial, industrial), size of your property, setback from property boundaries, zoning code, fire, police, environmental, etc. There will be historical preservation reviews and environmental reporting on the property. Then the project will require a construction permit where additional restrictions are placed on the project. Any of these factors can terminate a project if conditions are not met or not managed properly. All this is before any discussions on rental arrangement occur with wireless carriers.
Cell Phone Tower Rent - What Questions to Ask
Carriers know that rent is a priority for property owners and will negotiate it while distracting the landlord on all the other terms. It is good to have a lot of questions: Why are cell tower leases 30 pages long? What property rights am I handing over to the carriers? What limits can I place to protect my property? What limits have carriers placed on me? Who have I allowed to access my property? What happens if someone gets hurt on my land while working on the cell tower? What insurance coverage is required? Are there environmental hazards and if so, what are they? What if the carrier assigns the cell tower project to a lesser-funded company that struggles to pay rent? All these issues are only a portion of what is covered in a wireless agreement. Our advice to property owners is not to focus only on cell tower rent rates alone as you may risk losing out on the rest of the terms, particularly involving other financial opportunities other than rent. Our second advice is not to focus on the lease at the start of the project until the details of the project is understood. Just like purchasing a house – before negotiating the purchase agreement, it is important to understand the size, conditions, amenities, quality, and structures we should not engage in making negotiations so early. Terabonne is skilled and proficient in wireless engineering, tower negotiations, and everything in between. Our goal is to take on the heavy lifting for our clients and get you the most out of your cell tower or rooftop leases.
Renting Ground Space for Cell Phone Towers
Let’s discuss your cell tower situation. We will share with you what we know about the cell tower on your property. Never a fee until we agree to work together and we deliver results. Our services and fee will always be in writing before we start work. Email, call or send us a message anytime.