If we had a dollar for every time I head about a cell tower landlords that things they were taken advantage of in their cell tower lease buyout negotiations, I’d have a large stack of dollars. Here are some things you can do to avoid getting ripped off by the cell tower industry.
Keep your leases and documents well organized. While it may sound overly simplified, by staying organized you are more familiar with your cell site than the person who is calling you. Know your lease, know the value of your lease, know when your lease rent escalates, know how much rent you should REALLY be getting if you didn’t negotiate successfully. Know what your lease should sell for. Don’t allow yourself to get fast-talked into selling low. Talk to industry experts about your cell tower lease. Don’t throw away all the lease buyout offer letter that you get, keep them filed away so you can compare.
Do your best to keep a straight poker face if they are calling again to see if you will sell, even if you really need to sell. Then talk to an independent cell tower lease buyout consultant to help you to evaluate your lease and your offers, and help come up with a plan to help you succeed at the negotiation table.
If you need help with a cell tower lease buyout offer or valuation, give Tower Genius a call anytime at 1-888-313-9750.