Selecting Cell Tower Locations
You’re hoping your property will be selected to house a new cell tower and are ready to reap those cell tower lease rates, but, how can you be sure you’ll be selected? In all honesty, companies don’t always wait for you to approach them; more often than not they will approach you. However, that doesn’t mean to say you can’t go to them and show what your land that to offer. Cell tower companies will look at a variety of factors to determine if your property is suitable for their requirements. So, how can a cell tower company select a new location? What are the things the companies look for?
Costs Play Their Part
The first thing you need to be aware of is that cell tower companies can and will walk away when they think they’re being squeezed. Property owners may want to get a decent price for their land, but at the same time, they must be careful not to scare away potential customers. Cell tower companies have been known to walk away from a deal because the landowner demanded what they considered an unreasonable price. So, you have to be cautious about how much you ask. Cell tower lease rates vary considerably depending on the location and many other things, but you don’t want to spoil the deal because of greed. Visit: https://www.towerleases.com/
Open Land Spaces and Rooftops Are Ideal For Cell Tower Companies
Most cell tower companies are looking for prime location and that means how populated the nearest city is cell towers. Essentially, the companies are looking at whether or not it’s worth their time and money to install a tower where your property is located. However, companies will often select properties based on the amount of open and available land. For example, large open fields with a lot of access will appeal far more than a tiny square piece of land that has access issues. What is more, rooftops are also ideal for companies. If you have these available, your cell tower lease rates might be on the table once again.
What If Your Land Isn’t Chosen?
Let’s say your land wasn’t’ chosen, what does that mean for you? Well unfortunately, this time the company wasn’t happy to do a deal with you. There are a number of reasons why that might be. Firstly, your prices over cell tower lease rates were too high; and secondly, the location wasn’t right for them. However, it could also be down to the fact that they didn’t feel there were sufficient space to house the cell tower and access it when they needed to. You could always enquire why your land wasn’t chosen.
The Selection Process Takes Time
Most property owners believe as soon as they are first contacted about the possibility of leasing their land for a cell tower, the deal should be done and dusted within forty-eight hours. However, in reality things don’t happen as quickly as that. For some deals, they aren’t completed for weeks and it’s because a lot of things must be negotiated and decided upon. You can’t assume the deal is dead just because no-one has spoken to you again. Also, if you are selected, give ample time for discussions and negotiations before you ask for an increase of cell tower lease rates.
