rental rates

by David C
(Malad, Idaho)

I have a cell tower on my property that was installed in 1996. It has no carriers on it and never has had one. It is owned by American Tower. They re-negotiated my contract 4 years ago reducing my monthly rent from $600 per month to $350 per month, extending my lease to 50 years and giving me a 13% revenue sharing when carriers were installed. Also the first month after a tenant was installed my rent would go back up to its original amount.

Now American Towers has contracted with MD7 to re-negotiate my contract again. They are proposing my rent to be $200 per month, $1800 one time signing bonus and a revenue share of 15% for future tenants after the anchor tenant is installed.

I am thinking of two options. One, negotiate with them for a little more and settle. And two, tell them to increase my rent to $1000.00 per month or they can come and get their tower off my land. It has been there for 22 years with no activity. I don't believer they will ever have tenants on that tower. There is an active Verizon tower less about a quarter mile away. On the other side about a quarter mile away there is an old Verizon tower now owned by Union Comm. out of Gillette Wyoming that is vacant.

What are your thoughts on the subject?
Thanks,
David C
Malad Idaho

Comments for rental rates

Average Rating

Click here to add your own comments

Aug 18, 2019
Rating

American tower lease rent reduction
by: Lou Ann

American Tower Corporation has had a cell tower on my land for 5 years. They have been paying $400 per month with a recent increase to $440. Now they say since a carrier hasn’t been hooked up on it yet they are losing money and want to reduce my rent to $200 per month. They say if I don’t take this proposal they will take tower down. What are your thoughts on this?

Tower Genius / Editor's Comment: Lou Ann. Thanks for your comment and question. It's important to look at the lease. We can do that for you of course. But see if you can find a Paragraph that pertains to Termination and / or Tower Removal. Then see it says, MAY remove tower or SHALL remove tower... That is a big difference. You don't want to be left with a tower that you are forced to pay to remove by your county or town if American Tower can potentially abandon the tower. If you ask me, $200 per month is not going to break the back of American Tower. Their C-Level executives probably spend more on than that on Martini's at lunch every week.

Feb 07, 2019
Rating

My thoughts
by: Stephen

Hello David

I would politely tell them to blow their ridiculous offer out their rear-ends.

Tower Genius

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 Lease Rates.

Cell-Tower-Leases.com
Contact Tower Genius

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

First Name*

Last Name*

Email*

Phone*

Cell Site Street Address*

Cell Site City*

Cell Site State*

Type of Lease*

Service Needed*

How Can We Help*

GDPR*

	I am at least 16 years of age.
	I have read and accept the privacy policy.
	I understand that you will use my information to contact me or send me the information I requested.

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

Share this page:

What’s this?

Facebook X Pinterest Tumblr Reddit WhatsApp

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

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

Click on the HTML link code below.
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.