At my parents-in-laws place, my Grandma-in-law has a TV cable tower across from her house on a piece of her farm land. She gets a pretty good price and free cable for the use of her land. The cable company built the tower and she invested nothing but a tiny bit of farm land. Since that is the only cable tower around town, she pretty much has no worries of the company renegotiating the lease agreement. It would seem this way anyway. In the cell tower lease industry things can be rather volatile. With cell company mergers taking place all the time and cell tower landlords getting renegotiation notices, it can be very unsure times. Many of the mergers include plans to cut redundant sites of the two companies. What if that site is yours? There are ways around the prospect of losing that income. Posed with the threat of their future income from the cell tower coming to a close; many turn to companies that will actually buy the lease from them. Others turn to groups that help them gain more income with a nominal fee of something like 5% of earnings. 5% is nothing when 100% is at stake. There are companies that will help you actually get a better cell tower lease payment in the negotiations. Whether you keep the lease and join a big brother or sell the lease and reinvest the profits, there is actually a silver lining to this story. Don’t loose hope, get help.
1 comment:
I’m a cell site owner and I’m warning all SO’s to Watch out! There is a company out of New York that lies to the site owners about “partnering” with them and splitting all NEW revenue. They are liers and theives! They don’t market the towers - they don’t share one penny because they DON”T MARKET THE TOWERS and worse yet their Site Development Officer told me that they negotiate with the COMPETING tower company’s on what to offer YOU for your tower! I’m suing this company. The industry is corrupt.
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