cell tower lease offer

by barb
(milan, Illinois)

I have been offered a lease of $500 per month for a cell tower on my property in Milan, Illinois. Is this a fair offer?

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Dec 01, 2019
Probably too low, but . . .?
by: bumper

You can most always count on an initial offer being too low, and yours sounds like it is. But many other factors play in:

Do they have other good choices or does your site offer advantages for that area? There are numerous additional factors or clauses in a typical offer, most all of which can and should be negotiated. Things like annual increase percentage, co-location fees (for when other cell companies come in and locate their antennas on the tower)m and more.

I guess that's why "Tower Genius" is popular! They can no doubt help you wade through it all. :c)

My tower was leased in 96 for $600 a month, now bringing in $2000 a month with a 5% annual increase. A few years back they gave me a $25K signing bonus for agreeing to give them 30 years additional lease options in 5 year increments. (They make a LOT of money on many of these towers.)

Dec 01, 2019
No Barb.
by: Stephen

The rent is too low but I'm sure there are a bunch of other terms that are also sub-standard.

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