Rates, Tenure & Other Details—How The Right Consultant Can Help You Seal The Best Deal?

Many persons planning to let out space in their property mobile phone companies for setting up their mobile phone towers quickly end up being overwhelmed by the sheer complexity of the process. At first glance, this process may seem very simple and easy to execute.

You have space and the company wants to set up their tower. However, dealing with a big company with deep pockets can be a difficult exercise, especially if you don’t have a professional by your side to guide you throughout the process.

Since the tower is essential for proper functioning of the cell phone services, it is obvious that mobile phone companies would prefer long-term leases where rates remain locked for a long period of time. Of course, such contracts generally include a clause for annual increase in the rent.

However, this increase is often fixed as a percentage of the original rent stated in the agreement. This means that finalizing the right mobile phone tower rental rates becomes a very important decision. An excessively low rent will mean loss of significant income not just in the present but in the future as well.

A $5000 increase in the annual rent on the cell phone tower established in your property can result in fantastic additions if you continue with the contract for a span of 7-10 years. An annual increment of 10% on annual rent of $50,000 will result in a $50,000 increase by the tenth year. You will lose out on this income if you don’t negotiate the rates properly.

Of course, you cannot afford to go overboard and charge an excessively high rent either. If you do so, then the company may simply choose to setup the tower elsewhere. Striking the right balance between very high rent and the right price for the space you won can be a tough task.

Instead of trying to save a small sum by completing the deal on your own, you would do well to hire a professional who can guide you throughout the process. How much should you quote at the start? How to react if the company does not revert quickly? When to follow up and when to play it cool? What terms and conditions to incorporate in the contract to secure your rights as the owner of the property?

Instead of grappling with answers to all these questions on your own, you can simply rely on the professional to help you out. By working with the right professional, you can convert the process of letting out space in your property for the cell phone tower into a stress-free and enjoyable affair.

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