Rooftop Cell Tower Lease Negotiations
Wireless Carriers Want To Lease Your Rooftop Space
Due to the rapid expansion of wireless services, wireless carriers are searching for any available space where they can place a cell tower. In high population/high traffic cities, the ideal locations are on the tops of buildings as they’re out of sight and can be installed in. as little. as 50 square feet.
If you’re considering leasing your rooftop or other property space for a cell phone tower, it’s essential to know the facts. Converged Services works with property owners all over the United States to help them maximize profitability by leasing their rooftop space to cell phone companies.
Whether you own or manage an apartment building, school, condo, shopping mall, or any other type of commercial or residential building, if you have empty rooftop space, we can help. We will facilitate every step of the process, including initial outreach, contract negotiations, contract review, and even oversee the installation.
If you’re thinking of leasing your rooftop, you don’t need to go it alone. Contact Converged Services today to find out how experienced cell tower lease consultants can help simplify the process.
What Is Cell Tower Leasing?
In order to provide as broad of a network as possible, cell phone carriers are constantly looking to expand their cell tower coverage. One of the more popular ways to expand these networks is by renting space on the roofs of existing properties called “host sites.”
The carriers and providers use these sites to attach antennas, power supplies, and other equipment to keep their communications running. Some utility companies also lease cell site space to connect power lines.
The Benefits Of Leasing Your Rooftop Space
If your building is near an area that sees a high volume of cell phone use and needs reliable reception, you could be able to lease your rooftop space and generate income from the carrier or provider. Some carriers and providers pay for all expenses, while some will pay a portion of the costs.
Landlords can create a lease agreement with a cell carrier to maintain the right infrastructure equipment onsite and keep maintenance costs low. You can generate recurring revenue for your building with an otherwise unusable space by leasing your rooftop space.
Some building owners can see millions of dollars in income over ten years, depending on the carrier, the amount of roof space leased, and other factors.
Why Engage A Cell Tower Lease Consultant?
Cell tower leases will typically be for a minimum of 10 years, so it’s important that you have an experienced cell tower lease consultant on your side to make sure you’re not locked into a bad deal or, worse, scammed.
The ideal cell tower lease consultant is experienced in the telecommunications industry and an advocate who will help you navigate the process. Your lease consultant will also help oversee the deal's technical aspects, including whether your building meets all of the carrier or provider qualifications and that the installation is done properly.
Lease Offer Evaluation
A cell tower lease consultant can meet with you to discuss your building, its area, and the kinds of coverage required. Once they have a good idea of your needs, they will seek out relevant offers from carriers or providers in your area.
Cell Tower Lease Negotiations
Your consultant will enter into lease negotiations on your behalf with an offer in hand. They can discuss the terms to ensure that you are getting what you need and deserve, including ensuring adequate insurance coverage for your property and planning out how long the lease should be for optimal value over time. Once you agree on a term and all necessary logistics, both parties will execute the lease.
Lease Extensions & Lease Buyouts
As the term of your lease comes to an end, you can choose to extend your agreement with the carrier or provider. This can also apply if more coverage is needed over time. If you no longer require the cell tower on your property, you can work with your consultant to negotiate a lease buyout. This will help you avoid any possible fees and penalties and still maintain the ability for the carrier or provider to operate in your area.
Who We Work With
Converged Services works with commercial buildings, apartment and condo owners, multifamily residences, landlords, building managers, and associations of all kinds who want to lease their rooftop for a cell tower. Our consultation process will help you understand how cell phone tower leasing works, what options are available, what kind of profits you might expect, and whether leasing your roof is right for you.
Multifamily Property Owners
Many multifamily residences and apartment buildings will have lots of unused roof space. Depending on the location of the building and the coverage in the area, some property owners may receive daily offers for their rooftop space from carriers, providers, and even middlemen.
When considering these offers or even searching out lease opportunities of your own, it’s essential to have an experienced industry professional on your side to help review proposals and negotiate the best possible deal for your building.
HOAs & Condominium Associations
If you manage a gated community, condo association, or another type of HOA, there may be great opportunities to generate extra income by leasing your rooftop space or other available lands to a carrier or provider.
In these situations, it’s very important to have an experienced cell tower lease consultant in your corner to ensure that you get the best deal and so that the tower is not placed in a location that would be detrimental to your tenants' enjoyment of the community. The last thing you want is to get locked into a deal that puts a giant cell phone tower right next to your dog park.
Schools and Universities
Many colleges and universities have installed cell phone towers on campus to provide enhanced coverage to students, faculty, staff, and guests. The income from these leases can be reinvested into campus-wide aid programs or crucial resources that the state government has cut.
Converged Services Inc has experience working with educational institutions around the country to ensure that they get maximum value for their rooftop space through a lease agreement with a carrier or provider.
Get The Specifics About Cell Tower NEgotiations
Converged Services is a leader in negotiating multifamily technology solutions including bulk cable TV and Internet, managed WiFi, in-building communications, cell tower leasing, and much more.
If you are interested in leasing your rooftop space to a cellular provider to create additional revenue streams for your property, Converged Services can help. We have years of experience negotiating telecom industry agreements that have created tens of millions of dollars in profitability for our clients.
Contact us today to schedule a free consultation with one of our experienced cell tower lease consultants to learn more about what we can do for you.