Lease Renewals and Extensions
Tower companies control most of the cell towers in the country. There are many smaller cell tower companies around the country that operate from a couple of cell towers to hundreds of cell towers. Leases that were negotiated years ago are now coming to expiration and tower owners are looking to minimize their leasing cost by negotiating as low of a rent as possible with landlords. This, of course, is any businesses’ model, to cut costs. Our role for our clients is to maximize the rent. We intend to do so by applying our expertise and decades of knocking on doors of experience to make the most income for our clients.
A common approach wireless carriers or tower companies take
in lease extensions is to offer low rent, boosted with signing bonuses say at $5,000. This is an extremely effective approach because many landlords focus on the bonus and forget the other important aspects of the lease – the rent. We are mindful of these terms and want to make sure that our clients are served well by our experience in this negotiation process. If landlords do not use CellWaves to negotiate their wireless lease extensions, they are not getting the very highest experience they can possibly get. Thirty years of experience in an evolving industry will help you stay ahead of all negotiations. No other company in the industry can claim and prove such experience as CellWaves can in helping landlords get maximum income for their leases.
When landlords decide to negotiate a wireless transaction on their own, or hire consultants who do not have the expertise CellWaves has, a common mistake they all make is to base future rent on current rental income. How are “consultants” who do not have the insider industry experience able to understand and negotiate your lease extensions? They can’t. If they claim to be an attorney, ask for their bar certification. Are they still a member of the bar? Or did they just got admitted to the bar last year? Don’t believe everything you read on the internet. Check out their references. You will see that Cellwaves’ 30 years of experience in the wireless industry will be the weapon you need in your negotiations.
We often get landlords asking us to help them get out of lease extensions that they just signed. We can’t. Those are iron-clad agreements because over the years, the tower companies have become very good at making them unchallengeable. The landlord’s only opportunity to affect the value of the lease is early in the negotiations, seldom after.
If you have a cell tower lease on your property and the lease is coming up for renewal, or you have been approached by the tower companies to extend your lease, do not do this alone. Do not be tempted by call center “experts” who have never worked for a wireless carrier, a disbarred former cell tower attorney, or those who learn the wireless industry by reading websites and inflate their background and experience with fancy words that misrepresent their true lack of expertise in the field. Most “consultants” have never set foot on a cell site and have no idea how the equipment operates and what they are worth. Just about all of them became experts by working behind their keyboards and fool unsuspecting landowners who do not see the distinctions in their inflated resume.
Call us anytime. Our initial consultation is free. Get some free advice from us. If you still think you can do it alone, you should not try. If after talking with us you believe we can assist you, then we would be happy to work with you. If you want professional services, then please contact us today for your free consultation.