Cell tower leasing, selling, and buyout is a tricky business one which a lot of people don’t understand. This is why so many landowners end up with less revenue than they deserve. If you’re worried you are making less from your lease, or you are not being offered the true value of cell tower lease buyout, then you have come to the right place.
Tower Genius is here to tell you exactly what you need to do to secure the perfect deal. So sit back and read this post carefully and you’ll know what you need to do in order to make the best out of a deal.
- It can be really hard to resist an offer from a company that wants to purchase your cell tower lease, after all, the idea of receiving a significant cash payment that can help you today and tomorrow is a very tempting thing.
But before you give up to temptation and sign the deal, stop and think. The company that is contacting you has a strategy in place which aims to provide you with an enticing deal that you can’t resist.
The only problem is that most landowners, like you, are not aware of the true value of their lease. Moreover, the claims of the company are never really accurate. So stop and ask yourself if the consequences of selling your tower will be worth in the short and long term?
- Remember, your property is unique, and that is why you must be given a price that is specific to your land and lease.
Read the Documents
- If you have been provided with the opportunity to sell your lease, make sure that you read the documents that come to you. Read the terms carefully and avoid making a deal based on the purchase price only.
Remember, companies have clever sales teams that have insight knowledge of your leased tower and they know the true value of it and they will always try to buy out at a lesser price, or set up terms that are tricky.
- Sometimes, companies may ask you to lease additional areas on your property and they could place restrictions on it that could prevent any future development on your land. When you sell a lease, you not only give up on the rent, but there is a good possibility that you will be held accountable through certain terms written in the agreement.
Therefore, it is very important to know exactly what you are sacrificing and what you are getting in return. This decision will have a long-term effect on your property so always consider the important aspects of the deal written on the document before proceeding.
Think Ahead of Time
There is no doubt that the details of the deal can easily overwhelm you, and this is why we sometimes recommend listening to your gut feeling. While the immediate reward of selling is tempting, the long-term may not be the same.
This is because most cell site agreements are structured for periods of 30-50 years or more. And during this time, you lose all your rights to terminate the agreement.
If you’re not sure what to do, contact Tower Genius today. We are a reputable consulting firm that will not only listen to your concerns but will also help you negotiate a deal that is favorable for you in all regards.