Adding tenant to cell tower

We have 1 cell company using our tower. They have been with us 7 yrs. We have been approached by someone wanting to broadcast a new radio station from our tower, a non- commercial, non-profit operation that proposes a minimal monthly payment for its use. They don't anticipate any interference with our tenant or they will shut down and correct the problem. What are the pros and cons of taking this on? Do we need to contact our tenant first? They will move their antennas lower if we have another cell company interest, but my concern is if someone views our tower, they will pass it up, assuming we don't have room for them.

Comments for Adding tenant to cell tower

Average Rating starstarstarstarstar

Click here to add your own comments

Aug 02, 2011
Rating
starstarstarstarstar
Adding tenant to cell tower
by: Anonymous

We own the tower and surrounding land. The main tenant is not one of the large cell phone companies but a strong company in their state. We receive $700/month.

Our contract states that we will not grant a radio lease to any other party if such grant would in any way materially adversely affect or interfere with their equipment.

New tenant wants to put 6 horizontal antennas on the tower, starting about 10' below our tenant.
They can only pay $200/month. They state that if there is any interference, they will correct it. They also will need a 20' transmission shelter, which they are willing to share if we get any other tenants on the tower. Our current tenant has a generator at the base of the tower.

Aug 01, 2011
Rating
starstarstarstar
Adding a tenant to your tower
by: Tower Genius

Couple questions...

Who is the anchor tenant?

What does your subleasing / co-location language say? Are you getting revenue share or do they need to sign a separate sublease?

How much is your monthly rent?

How much are they offering?

How much ground space are they taking up?

We need more info.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Cell Tower Leasing Discussion.

Find out from Tower Genius how we help landlords and property owners in the USA  maximize cell site lease values and get the best possible terms for:

  • Cell tower lease agreements
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • Tower lease buyouts offers
  • Rooftop lease buyout offers
  • Rooftop cell site audits
  • Lease Agreement defaults
  • Cell tower valuations
  • Rent reduction solicitations
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Vertical Bridge
  • Lendlease Towers
  • Tillman Infrastructure

Cell-Tower-Leases.com
Contact Tower Genius

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.