What is a good 2019 rate for American Tower

by Caroline
(East Texas)

We've had a tower for 24 years. It began at $3000/year or $250/mo for the first 10 years. Then it was subleased to American Tower in 2006 and paid $3500/yr or $291.67/mo for 1 year then the rent began increasing at 3%/year and now after American Tower has had it 14 years it is currently paying $7649.08/yr or $637/mo. We get one check a year.

I am currently negotiating the lease myself (co-owner with siblings). They are ignorant & stupid and are willing to accept this going forward. They have been told by lawyers that there is no way to get out of the existing 10 year lease and no way to sell it.

They also refuse to deal with anyone other than American Towers.

I have asked AT to make changes to the proposed amendment (30 years) $60K sign-on bonus, rent to stay same and 3% increase/year.

Is it logical for me to ask for more rent?

What should I ask for?

Can I get revenue sharing from American Tower as well?

Thanks,
Caroline

Comments for What is a good 2019 rate for American Tower

Average Rating starstarstarstarstar

Click here to add your own comments

May 19, 2019
Rating
starstarstarstarstar
Need to see the lease
by: Stephen

We can answer all of your questions however these require very specific feedback and strategies that we need to be hired first to provide.

We need to see a copy of your lease and the exact location of the tower.

Sorry to hear about the family situation and the lawyer. It happens.

Let's discuss ASAP.

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.

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.