I just received a call from a company looking to put a tower in my area. They said they would pay $400 a month with a 15% increase every 4 years. They want 5 year terms with 10 renewals. I think I can negotiate due to the location on my land but dont know how high I can go on price without being unreasonable.
Get the tower on your place. They could very well go to your neighbors. And you can bet they will sign a contract.
Aug 28, 2014 Rating
Conner by: Hattie
Hi Conner, We are in the same position. How did it work out? Hattie
Jun 05, 2014 Rating
Verizon Cell Tower lease by: Anonymous
Verizon has offered me $700.00 per month with a 10 % escalation per term. The initial term is 5 years with (4) 5 year automatic renewal terms. The plot of land is 100 feet by 100 feet. The tower would be 150Ft. high and they would build an access road to the property. I think they are trying to rip me off. However I do not want to scare them off. I think the increase should be annually, and I do not think that $700.00 at month is fair. Can someone give me some guidance.
Feb 18, 2014 Rating
Too low and too long!!! by: Sean (Tower Genius)
The offer is too low and too long. You need to also protect yourself longterm in these deals. Call us as out initial consultation is free. To establish values we need to know more about the specifics regarding the site.
Feb 16, 2014 Rating
counter offer by: Anonymous
In 1988 when I had LA Cellular offer to put a mega site and tower in my parking lot, they offered me $700 per month with 3% annual increases. At that time I counter offered with $1200 per month and 6% annual increase. Same renewal lingo as your lease. They accepted.
Later, as the rent increased, ATT took over the site and used "scare tactics" (via third party WCP? or WPC?) to lower the rent and % increase. Increase now is 3% and rent is $2,200 per month. Had I not reduced the lease amounts, today I would be collecting $3,990.00 per month @ 6%.
The other thing to consider is the companies that buy out your lease with a discounted cash advance.
Then they sell as a premium to the larger site management companies such as CC or AT.
From what I have seen they use 10 to 15 times the annual income as preliminary offer to owners. They DO take into consideration the annual increases.
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