Tips to consider ahead of signing a cell tower lease agreement
House and commercial lease contracts differ from cell tower lease agreements. The cell towers have specified use , and thus their lease is different from the others.Unlike the other types of lease, this one is presented by the tenant and not the landlord. It is crucial that the landlord reads everything in that document and comprehends it previous to signing it.Below are some pointers to pay attention to before signing a cell tower lease agreement.
Make sure that the leased land is specified in the documents.Most carriers will ask for more than what they need to have more control on the land. Some of them actually end up leasing the extra space to other developers leaving you out on the deal.It is wise to conduct research to know the exact amount of area they require for the cell tower and rent it to them. Bargain to the best of your ability so as to lease them the least amount they may need and to enable you get profits from the rest of the area.If by chance they insist on the additional space , make certain that you make the pay for it and indicate it in the legal document.
Make certain that the rent escalates to the future so that you remain profitable through inflation periods. Renting your land for the cell towers could end up taking years for the lease to expire. Stay away from permanent flat rent but you ought to bargain on a system on how you will be able to rise the rent eventually as the time goes on.If you do not do this, you will end up loosing a lot of money and making a loss.
It is recommended that you seek the guidance of an expert before you sign your lease. The tenants will always have the backing of their experts; make certain that you have yours. Utilize your time in looking for specialists who have knowledge in such proceedings and request for their backing. This sort of people have vast knowledge and will offer you excellent counsel on what to stay away from in the contract.They will always be at per with the current trends and will give you an idea on what you deserve from the lease. The professionals have bargaining capability to get you the best deal on the lease contract when putting a price on the rent.The moment you follow their lead, you will receive the most from the contract.