Termination of Sprint/Nextel site lease

by Mike
(San Diego, CA USA)

We have a cell site located on top of our building with sprint/nextel and have been contacted by them. They wish to give 30 days notice and cancel the lease. They have a 30 day termination clause in contract which allows cancellation due to bad economic conditions (which is their stated reason).

Questions:
1. Is this clause standard in wireless leases and do they owe any money other than the 30 days cancellation lease payment?

2. We wish to replace with another wireless carrier such as T-Moble or Verizon. What is the best method? Hire a company or can it be done by building owner (me)?

3. A company has offered their services to find another carrier and is asking for 25% of monthly lease payment. Is this standard? What is norm? It seems very high.

FYI- Cell Site equipment is locked inside a leased office in the building and is supplied with its own A/C system. There are antennas located on the parapet (outside edge) of the roof. Site has been operating for at least 13 years.

Comments for Termination of Sprint/Nextel site lease

Average Rating

Click here to add your own comments

Jul 19, 2012
Rating

We need more info to help you.
by: Sean (Tower Genius)

Mike:

1) Most carriers have a similar clause but I would need to see your actual lease to tell you if you are entitled additional compensation.

2) Some companies can have it looked at by the other carriers RF engineers but a carrier would only go there if they have a need. I would need to know where the site is actually located so I can judge if such a need may exist for another carrier. You can try to contact the carriers (press the button to the left marker "Get a Cell Site" for more info) but in certain markets some firms have an inside track with the various carriers. We have done a ton of work in Southern California and know the various players.

3) 25% is too high.

Call us for more specifics. Once we have more info we can guide you more efficiently. Our initial consultation is free.

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 Sprint Lease Agreement Questions.

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*

Privacy*

	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.

Please enter the word that you see below.

Tower Genius is USA's Premier Cell Tower Lease Coaching and Consulting Firm. Find out how we help landlords and property owners in the USA maximize cell site lease values and get the best possible terms. Book a 30-minute discovery consulting call with Kevin or Steve Today.

Click Here To Schedule A 30-Minute Discovery Call.

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 - Sprint 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 Twitter 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.