Tower Renewal

by Mario
(Ontario Canada)

I have been renting space to a phone company for the last 19 years. Yesterday I received a letter in the mail that addresses the discussion or a renewal.
For the last 19 years, we received less than 6,741.00 per year. We have decided to increase the lease to 30,000.00 per year based on a tower approximately 15 miles away making that amount.
This tower is in Canada, and we are getting paid in Canadian dollars. Is 30k per year a ridiculous amount to be asking for?

Comments for Tower Renewal

Average Rating starstarstarstarstar

Click here to add your own comments

Aug 05, 2018
Rating
starstarstarstarstar
Depends on how much the tower generates.
by: Stephen

Mario, is it worth encumbering your property for less than $7,000 per year?

It's hard to evaluate an apples to apples comparison with a tower that is 15 miles away without knowing if the tenant is identical and they provide similar coverage and generate the same revenue for the tower owner.

Please fill out a contact form on our site and provide us with as much information as you can so we can take a look.

thanks!

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.

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 Call.

  • Cell tower lease agreements
  • Selling Cell Tower Lease
  • 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
  • Transactional Coaching
  • Verizon Wireless 
  • AT&T
  • T-Mobile - Sprint
  • DISH Wireless
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Atlas Tower
  • Phoenix Tower PTI
  • Vertical Bridge
  • Lendlease Towers, Md7
  • Tillman Infrastructure
  • Lyle Company, Black Dot
  • 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.