Mobile cell phones information

Renegotiating a cell tower lease- can it be done? - mobile-cell-phone

 

While cell towers essentially on track being built in the late 1970's, the boom in change did not certainly start until Conference agreed the Telecommunications Act of 1996. In its place of having two wireless providers in any one area, customers now found that there were up to eight companies with licenses from the FCC to endow with Not public Contacts Advantage (PCS) in their area.

Initially, each wireless bringer built its own towers and not often collocated (shared) on the other's towers. This made for rapid advance of consultation sites and towers and a glut of landowners with cell towers on their property. As you can imagine, many landowners had diminutive to base the lease negotiations on and signed agreements that were imperfect in association to today's lease rates.

Today, with the arrival of much in order (or misinformation) on the internet, those same landowners are education that the deal they signed might not be a good one. As the banner cell tower lease is a 25 year lease with termination civil liberties only vested in the leaseholder (cellular carrier), the landowners often amazement if they can get out of the lease or renegotiate it.

The key to this distrust is not an easy one and resides in the cell tower lease document. Luckily for some landowners, the lease agreements signed in the early days after 1996 were not as difficult as those of today. Many lease agreements were only for 10 years and landowners with those types of agreements may now have the aptitude to reneogtiate for a develop deal.

The key here is that the lease concord must state that the landlady has the right to terminate as well as the lessee. If so, then that opens the chance to renegotiate. Many times, the wireless band that owns the tower will be in touch way ahead of the lease expires to renegotiate.

If the lease does not give the landlord the right to terminate, then the ability of lucrative renegotiation declines. The only basis for renegotiation would be if the wireless business has breached the lease accord by fault to pay or by violating a new clause. It is chief to note that most lease call for that the landlord give notice the occupant of a break and they are given the chance to cure it. The most conventional reasons for break in a cell tower lease consist of closure to pay rent, bankruptcy to get appreciation to sublet the site to a further company, catastrophe to get consent to an assignment of the tower, and closure to assert the site position as required. If you deem that the tower owner has breached the lease, seek legal counsel and make sure to advise the tower owner promptly.

In the event that you choose that a lease can be renegotiated, it is best to hire a consultant or attorney with be subjected to with in negotiating wireless leases and whom is accustomed with what fair marketplace rates are for contact tower and cell site leases. If you affect that the lease cannot be renegotiated, then just sit back and carry on to catch your "mailbox money".

Ken Schmidt is the owner of Steel in the Air, a cell tower consulting firm. Steel in the Air provides practiced consultations on cell tower valuation, cell tower lease negotiations, lease renegotiations and lease buyouts. Ken has been quoted on cell towers in the NY Times and frequent other publications.



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