Crown Castle Right of First Refusal

by Farmer
(Rural)

We are considering a proposal from Crown Castle International to extend a lease for a cell phone tower on our land. We have questions about several of the leasing terms that they are requiring for us to agree to in order to extend the lease contract. One of the terms gives them a right of first refusal. Will this affect us if we want to sell our land? Does this impact the value of the tower lease?

Comments for Crown Castle Right of First Refusal

Average Rating starstarstarstarstar

Click here to add your own comments

Oct 31, 2013
Rating
starstarstarstarstar 		ROFR Can be Good
by: Anonymous

I never could understand why these other companies tried to buy our land lease when they knew of the ROFR. However I will say because of one of them, I was able to negotiate a much better deal with Verizon.

EDITOR'S NOTE: I smell a wireless shill.
Oct 12, 2013
Rating
starstarstarstar 		Crown's ROFR - right of first refusal
by: Tower Genius

Crown is actively extending leases they own or have purhcased recently from T-Mobile and they are trying to protect their investment by requiring landlords to give them a right of first refusal. I can completely understand Crown's position. They don't want to lose the lease to a third party lease buyout company or competitor who can jack their rent up and hold them hostage on a site.

With that being said, when you give Crown or any tower comapny or carrier a right of refusal, that is something of value. Can you purchase an option from your stockbroker for free? of course not, because it has a potential benefir and an option costs money. The problemis that the folks at the cariers and tower companies must think that they can get something for nothing in many cases. If you are going to give them the ROFR, then you need to get something in exchange for it because IT LOWERS THE SELLING PRICE IN THE EVENT THAT YOU WANT TO SELL THE CASH FLOW OF YOUR CELL TOWER LEASE TO A BUYOUT COMPANY.

Companies will not really fight over your lease if they know Crown will exercise their right. Will Crown's offer be aggressive? maybe... probably,,, but who knows. It depends on your cell tower's location and value.

If you have a lease extension or proposed amendment from Crown we can help you with the ROFR term and make sense of the other language they are proposing. Crown is generally a very good tenant to have long term, but they are in business to make money, and they are not going to tell you what they are willing or unwilling to do. Keep that in mind. Their reps are friendly but they are not here to get YOU the best deal but to get the best terms for CROWN.

Please give us a call to discuss.

Tower Genius
888-313-9750

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 Crown Castle Lease Questions and Answers.

Cell-Tower-Leases.com
Contact Tower Genius
Please note that all fields followed by an asterisk must be filled in.
 

  • Cell tower lease agreements
  • Selling Cell Tower Lease
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • Tower lease buyout offers
  • Rooftop lease buyout offers
  • Rooftop cell site audits
  • Lease Agreement defaults
  • Cell tower valuations
  • Rent reduction solicitations
  • Lease Optimization Help
  • Lease Revenue Purchase
  • Transactional Coaching
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • DISH Wireless
  • US Cellular
  • SiriusXM
  • Crown Castle
  • American Tower
  • Atlas Tower
  • Phoenix Tower PTI
  • Vertical Bridge
  • SBA Communications
  • Tillman Infrastructure
  • Lyle Company, Black Dot, Md7
  • Everest Infrastructure


Like this page? Show us some Social Love. Here's how.

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.