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How to Get Good Deals on Your Cell Phone Tower Lease?
The fair market value of cell phone tower lease ought to be evaluated and also, appraised. What seems to be the problem here is that, your average real estate appraiser is typically not an expert when it comes to tower lease procurement. There are different factors that affect cell tower lease purchase and valuations and these include wireless carries lease values, are the cell tower leasing terms favorable for lease buyer, does the cell site enables extra carriers to pay rent, location of the tower, seller’s credit worthiness, how aggressive is the buyer’s tower portfolio and if the cell tower matched the requirements of buyer.
What’s unfortunate is that, there are so many cell phone tower lease buyout presented to landlords which are low in valuation. Some portion of the lease buying financial institutions take advantage of sending letters and wireless landlords which causes doubts in their minds. Because of the innovating and constantly advancing cellular technology and wireless carriers who may collaborate in the future, it causes the cell tower lease to lose value in the process. They are preying on the landlord’s fears and acquiring the cell tower lease at rock bottom price.
It doesn’t make sense that you cash out of the cell phone tower lease simply because of the fact that you’re afraid that your tower might soon be obsolete. If it really has no value, then why would they ask you to sell it to them? These days, smartphones are growing day by day since many more people are bandwidth hogs. In return, this forces the carriers to increase their tower leases to meet high demand of their customers.
Best case scenario here is, the deal falls in the landlord’s favor when they are shown with lease purchase offer by a well known investment group. As a matter of fact, wireless capital investors look forward to acquire specific tower leases in an effort to expand their portfolio. Buyout deals from wireless financial service funds have a possibility to give you better deals in comparison to industry bottom feeders. It is due to the reason that these are the deals that take advantage of uninformed landlords. You on the other hand must be aware that even though these buyouts are proposed by big names in the industry, still you need to ensure that it is reviewed.
One question that most cell site landlords are asking is, what future they do have for cell tower leasing. They’re weighing options of either taking chance if they can snag hefty monthly rent checks for their carriers or sell their lease for a lump sum. Like what is mentioned earlier, everything has to be checked thoroughly.