Cell Tower Lease Termination Clause
Leases can be terminated early meaning your rent can stop substantially sooner than the normal 30+ years lease term. All carriers and tower developers anticipate the possibility of early termination by placing an escape clause in their contracts. About 99% of all leases in the US have early termination clauses that allow wireless carriers and tower owners 60-90 days to terminate their leases early. While the specifics differ in each tower lease, this gives the wireless tenant the ability to be off-the-hook any time during the life of the lease with a few months’ notice to the property owners. Wireless carriers do exercise this termination right in situations involving company mergers, changes in engineering designs, or to lower their operating costs. How you, as the property owner, respond to this change is critical. In these situations, the property owner still has options, which Terabonne can assess and discuss with you to produce a fair outcome. Understanding how the industry works and the engineering requirements of the surrounding area makes this potentially a blessing in disguise. If you’ve been informed that your cell tower lease is going to be terminated early and the tower will be decommissioned, please call Terabonne and let us explore the options that are available to you, free of charge.
Cell Tower Decommissioning Notices and Lease Termination
When T-Mobile officially acquired Sprint in April 2020, Terabonne began to see Cell Tower Lease Termination and Decommissioning Notices from T-Mobile in August 2020 show up at our commercial clients’ locations. As expected, T-Mobile’s first wave of site terminations were at properties where both Sprint and T-Mobile exist on the same cell tower or rooftop. T-Mobile hired companies across the country and instructed them to get their cell sites decommissioned as cheaply as possible, often at property owners’ expense. At Terabonne, we’ve stepped up the contractual and technical enforcements to protect our clients’ interests. More importantly, you as the property owner have options in a decommissioning event that T-Mobile will not share with you.
Call Us Today to Explore Your Options
Let’s be creative. You don’t need to be a victim in a site decommissioning situation. In fact, it could even be a blessing in disguise. Wireless carriers will have you believe that they will terminate the lease and stop paying you rent. The end. However, there’s more to the story. There are no standard lease termination languages. Companies from across the country have negotiated independently over the past decades. The termination clauses are all different. Wireless carriers also have interests and motivations too. Understanding how to investigate the carrier’s interests and turning them to the property owner’s advantage is where Terabonne comes in. If you received a cell tower lease termination notice from your wireless tenant, please call us to explore your options together.
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.