Wireless carriers and tower companies have negotiators who have each completed hundreds of lease negotiations. Wireless landlords have typically negotiated one wireless lease in their lifetime. When you negotiated your wireless lease, who controlled the lease language and rent amount? The un-informed landlords do not usually know where to begin because the technology, valuation, pricing, and terms are brand-new to them. Most likely, the wireless carriers determined the price, set the terms, and used their own lease form produced by their lawyers, which are extremely one-sided as to who they protect.
Even if you wanted to negotiate, what would you change? What would be your basis for asking for those changes? What is your reference? What is the comparable market value? How did you get that number when wireless leases are confidential and unpublished or recorded anywhere? Your only choice is to believe in what the site acquisition person, who works for the wireless carriers, tell you what they want you to know. Do you think they have your interest at heart or their own interest for getting you the lower rent and terms, thereby increasing their own bonus from the carriers?
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Many lease “negotiators” never discuss these points because they do not understand the implications of this level of knowledge and the value it brings to landlords. To have a deep understanding of wireless construction, which is very different from any other forms of residential and commercial construction, is being able to protect, defend, and negotiate landlord property rights; business and legal risks; and have a negotiating advantage along with top dollars for wireless landlords.
Having worked inside a wireless carrier operation means having an understanding of their processes, thinking, priorities, values, and contacts. This is extremely important since your consultants may need to escalate a matter beyond the wireless carriers’ agents, and the consultant must know how to go about it correctly. Anticipation of wireless carriers’ moves is also very important, which can only be done with insider experience.
Contacts are important, and the information gathered from industry on a case-by-case basis has proven to be invaluable for our clients.
CellWaves meets all the above conditions. Nowhere else can you find the combination of experience, skills, and passion to deliver incredible values for our clients.
Larry is the “Wall Street” guy. His extensive finance and Wall Street experience makes him ideal to identify finance solutions for our clients. Whether our clients want payment in a single lump sum, spread out over the course of several years, or some other arrangement, chances are that Larry will be speaking with the client.
Larry is extremely creative in solving deal points and arrangements, financial details, and complications that require his expertise to help resolve. His experience has come from decades of feet-on-the-street as a site acquisition guy knocking on doors. He used to knock on doors of landlords and ask if he could place cell sites on their property for $500 a month. Those were the early days of the industry. Today, Larry can work for you in getting the highest rents for your cell tower lease contracts.
Now that Larry is representing landlords on the same transactions, he can be a real asset to best understand how your lease works. If you already have a site on your property, the next time the wireless carrier asks for permission to perform upgrades you should deny the upgrade and call us immediately. Larry will tell you if the carrier’s upgrade request is fair, and if not, what we should do about it to benefit the landlord equitably.