Property owners who host Verizon equipment may receive a renewal, extension or amendment proposal as an existing lease approaches its end. TowerLeases.com, an independent consulting firm that advises U.S. property owners, is offering guidance on how to evaluate those proposals and compare them with current market terms. TowerLeases.com is not affiliated with Verizon.

“A renewal offer usually arrives looking like routine paperwork,” said David Espinosa, founder of TowerLeases.com. “For the owner, it is a decision about how the property will be used and paid for over a new term.”

 

Owners searching for Verizon cell tower lease rates often want a single benchmark, but a renewal offer involves more than the rent figure. Espinosa said owners should look at how the proposal changes the escalator, the length of the extension and any renewal options, what rights the carrier has to modify or add equipment, and whether any payment is offered for signing.

Amendment requests deserve particular care. Carrier paperwork can include requests to reduce rent, restrictive easements and Right of First Refusal clauses, known as ROFRs. TowerLeases.com works to push back on rent-reduction requests and to negotiate an amendment without giving away an owner’s long-term rights.

 

The proposal should also be read against the lease already in place. Some terms in an original agreement may be more favorable than those in a new draft, and others may have fallen behind the market since the lease was signed. TowerLeases.com provides that comparison using current market data and an independent view of what a site is worth in its region.

 

“Being approached by a carrier does not mean an owner has to answer on the carrier’s timeline,” Espinosa said. “Take the time to understand the terms, and bring in someone who is not on the other side.”

 

The firm also helps owners with a bigger question: whether to sell the lease or keep collecting rent. TowerLeases.com provides a sell-or-keep analysis that considers tax implications, estate goals and cash flow needs, and it can present the lease to its network of more than 13 industry investors for owners who want to test the market.

 

A lease that includes a ROFR does not close that door. Many brokers decline to handle one, but TowerLeases.com accepts those leases and works with buyers equipped to deal with the clause.

 

“If you were told your lease can’t be sold because of a ROFR, get a second opinion before you accept that,” Espinosa said.

 

The firm offers a free, no-obligation 30-minute consultation to landowners, building owners, homeowners associations and municipalities nationwide. It only assists owners who already host a tower or antenna, or who have been approached about hosting one. Espinosa said owners who are weighing Verizon cell tower lease rates against other offers should gather the current lease, all amendments and the written proposal before requesting a review.

 

Owners can schedule a consultation at https://towerleases.com/ or by calling 866-826-0510.

 

About TowerLeases.com

 

TowerLeases.com is an independent consulting firm that advises U.S. property owners on cell tower and rooftop leases, including negotiations, extensions, buyouts and new site agreements. Led by founder David Espinosa, the firm serves landowners, building owners, homeowners associations and municipalities nationwide. Learn more at https://towerleases.com/

Media Contact

Name
Tower Leases
Contact name
David Espinosa
Contact phone
866-826-0510
Contact address
30 N Gould Street, Suite R
City
Sheridan
State
WY
Zip
82801
Country
United States
Url
https://towerleases.com/

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