Crown Castle Tower Lease Renewals and Extensions
Most of all the cell towers owned or operated by Crown Castle today were not built nor leased by them originally. Crown Castle’s core business practice is to purchase cell towers from wireless carriers and leasing them back to the same wireless carriers (tower subtenants). Their profit comes in when the tower acquires more subtenants over time. Terabonne understands what motivates Crown Castle and how to negotiate terms that promote their business interests. If Crown Castle gets what they want in their cell tower leases, it is easier to negotiate more favorable terms for you as the property owner. Though, starting in 3Q2020, Crown Castle has been more restricted in lease extensions and compensation to landlords due to uncertainty after the T-Mobile / Sprint merger, making it crucial for landlords to be extra careful in lease extension negotiations with the tower company.
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.