If you are a property owner looking to lease space for commercial enterprises, you probably know that selecting a telecommunications company can be a lucrative prospect. Essentially, you lease out a portion of your property for a telecom company to install a cell tower on your land or rooftop. This will allow you to have a highly profitable income from your property with virtually no downsides.
However, telecommunication companies of all sizes want to get the best deal for themselves. So, if you have not entered into a similar agreement before, you could end up signing a contract that does not offer you the best benefits. This is why cell tower lease consultants and brokers exist.
An independent consultant can help you navigate contractual obligations and offers on the table, ensuring that you get the most money for your space. So, in today’s guide, we will explain exactly what cell tower lease consultants and brokers do, why you should use one, and where to source the best consultants and brokers for you.
What Is A Cell Tower Lease Consultant?
In laymen’s terms, a cell tower lease consultant is an expert that can help you learn how to get a cell tower on your property. If you are already in the midst of a cell tower buyout or lease agreement, a consultant can advise you on the best course of action to get through the process quickly. More importantly, a cell tower consultant can advise you about important financial considerations while negotiating a deal.
For example, let’s say that you own property in a densely populated area that has relatively poor cellular service. A large telecom company approaches you to lease a portion of your property for a new cell tower. Rather than just signing on the dotted line, you should make sure that the company is not taking advantage of you. Cell phone tower consultants are specifically versed in both the laws surrounding telecom property leasing and the larger cell tower market. This means that a cellular lease consultant can make sure that the contract is sound and that you are getting competitive compensation.
What Is A Cell Tower Broker?
Cell phone tower brokers serve similar functions as traditional real estate brokers. They represent both sellers and buyers in lease agreements for cell phone towers. Brokers can help field offers, negotiate on your behalf, and even seek out telecom companies interested in your property. This means that a cell tower broker acts as the “go-between” during the lease agreement process.
Brokers are especially useful if you are venturing into new territory. You could be working through a cell tower lease buyout or the sale of a cell tower lease. Alternatively, you may need to review and pick from one of many cell tower lease buyout offers. Without a broker, you may feel completely lost and overwhelmed by the entire process.
So what’s the difference between a cell tower consultant and a cell tower broker? More often than not, a consultant offers assistance on the front end while the broker manages the finalization of a deal, however, that is not always the case. Consultants are there to offer advice and ensure that you are being presented with a good deal from start to finish. On the other hand, brokers do a lot of the leg work for actually connecting buyers and sellers. This means that brokers can shop your offer around to multiple telecommunications companies to obtain the highest value for you, the property owner.
Why You Need A Cell Tower Lease Expert
Signing the lease agreement to have a cell tower on your property is not a minor decision. It requires careful consideration of various factors, from zoning laws in your area to the issue of selling property with a cell tower in the future. You also want to make sure that if you sign a cell tower lease agreement, you still have a voice in how your property is treated and whether or not you can look for better buyers in the future. This is why anyone who may want to lease to a telecom company should get the advice of a cell tower lease advisor or consultant.
Nobody wants to get locked into a bad contract or find themselves on the wrong side of local ordinances, so having a consultant to comb over the details is a must. Additionally, a broker can ensure that the contract works in your favor and is the best possible option on the market. Combining the skills of both a consultant and a broker means that you can rest easy knowing you always have experts on hand.
Using An Independent Cell Tower Broker and Consultant
Thus far, we have made cell tower consultants and brokers sound great. However, there are important drawbacks to some consultants and brokers that are not always discussed. First and foremost, many brokers call themselves consultants to make it seem as though they are giving you independent, objective guidance that is in your best interest. However, the vast majority of brokers represent specific parties. So, while it may seem as though they are trying to find you the best deal on the market, they are really working on behalf of a telecom company looking for affordable space.
So how can you ensure that you are getting the best deal? By working with independent cell tower brokers and consultants. A truly independent broker does not have hidden contracts with telecom companies. Instead, they make cell providers fight for you, which ensures that you get the top dollar for your tower space. The same holds true for consultants. An independent consultant is not trying to give you advice that will benefit a faceless telecom company. In fact, they will do the exact opposite. An independent consultant will guide you through the process of leasing your property or managing a lease buyout so that you have expert knowledge and experience on your side.
While it may sound too good to be true, you can find a fully independent broker and consultant in Nexus Towers. Nexus Towers provides you with the guidance and professional services you need to understand a lease agreement and avoid any potential pitfalls. Whether you simply want to better examine the cell tower leasing market or quickly get the best possible cash value for your property, Nexus Towers can offer expert advice and services to make it happen.
Though many cell tower consultants do not function as brokerages and many brokers “pretend” to be objective consultants, Nexus Towers can actually provide you with independent, comprehensive consulting and brokerage services. Not only does this ensure that you are getting the best deal on the table, but it also means that you do not have to deal with multiple companies for advisement and lease agreement shopping. Everything at Nexus Towers is handled in the same space, which speeds up the process and makes leasing your property to telecom providers far more transparent and profitable.
Are you a property owner who has been approached by cell tower companies? Are you interested in leasing your property or looking for a cell tower lease buyout? If so, be sure to contact the experts at Nexus Towers today!