Verizon Lease

by Mad as hell

Verizon wireless had contacted us regarding a cell tower that they wish to put their antennas on. They only offered us $500 to lease ground space, when we know for a fact that we have the only site in the are where they could go. The site leasing representative was very nice until we rejected her offer and then she got rude and started playing hardball with us. We aren't trying to screw them, simply get a fair deal, but they are very arrogant. We are in a high traffic area on the outskirts of a major metropolitan area with extremely expensive real estate values. They must think we are stupid but they are mistaking if they think they can give us less than half of what we KNOW is fair market price for a cell tower ground leas in our county.

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Mar 28, 2015
Cell tower lease
by: Scott X. XXX, Esq.

I have worked with dozens and dozens of landowners in tower leases. You should be very careful. Please fell free to phone my office at 401-XXX-XXXX and I'll give you 5 most important clauses to put in the contract and give you an idea what it is worth.

Scott X. XX, Esq.

Editor's Note:
Scott... with all respect, can we post a a free advertisement on your law firm's website to steal some of your clients?

Aug 14, 2013
Brian and where can people find this "hard data"?
by: Tower Genius

Brian, I think you responded to a post that was published about 3 years ago on our website.

What is the best way for the average property owner or landlord to obtain this hard data about cell tower lease values?

Tower Genius gets several calls every month from real estate appraisers looking for the very same thing. If you have the information I could have them email you.

Is your name Hugh?

Just wondering :-)

Anyway, if you are reading this blog and you have a Verizon Wireless lease, and you do not know what the value is, talk to an industry expert who looks at Verizon deals just about every day of the week.

Tower Genius

Aug 14, 2013
by: Brian gates

She is corect. You obviously know little about the industry and the rep knows it. You should be doing research rather than complaining on a blog. You need comps and people that can give you hard data.

Oct 31, 2010
Verizon lease and common sense
by: Tower Genius

Funny, there seems to be a lot of that going around recently. Verizon subcontractors who are in charge of leasing cell sites are paid a bonus if they can bring the cell tower lease in with terms that favor Verizon, so the low offers can get the site acquisition agent a few thousand dollars bonus while potentially taking tens or hundreds of thousands of dollars out of your pocket over the lifetime of the lease agreement.

If you truly have the only viable site location that they can use, hold firm and don't give into the Verizon rep's shallow scare tactics, that is as long as you are not asking for a rental amount that is unrealistic.

Let us know if we can help you with the Verizon lease review or negotiation.

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