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?
David C
Malad Idaho

Comments for rental rates

Average Rating starstarstarstarstar

Click here to add your own comments

Feb 07, 2019
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.

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
  • Lease Optimization Help
  • Lease Revenue Purchase
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Vertical Bridge
  • Lendlease Towers, Md7
  • Tillman Infrastructure
  • Lyle Company, Black Dot
  • Everest Infrastructure

We Would Like To Hear From You.
Contact Tower Genius

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

Please enter the word that you see below.