Most property owners that have the required provision for cell towers, want to know about the cell tower lease buyouts. They seek good proposals so as to buy out the interest which is there in the lease pertaining to the tower. Generally, the offer would consist of the buyer getting exclusive rights for leasing for 30, 40, 50 or more years. When we talk about the buyouts, there are some things that need to be kept in mind. First and foremost, the individual has to assess whether or not the cell tower lease buyout is a good financial deal. The initial quote always begins with a slow start. The first offer is always a low one but it can be increased subsequently with good negotiation skills or by soliciting competitive bids. However, there stands a much bigger issue, when it comes to finances, the property owner usually does better on their own simply because these buyout companies usually charge a very high percentage that they keep to themselves (anything between 30% to 50% of the sites gross revenue). On a realistic note, the property owner, assuming he or she has some business knowledge should ideally hire a professional such as a consultant, agent or lawyer specializing in this area. The leases for cell towers are very different from general real estate transactions. The charges for such types of assistance are low compared to the share that the buyout company would ideally take. Many times the buyout or the lease is merely a distraction from the core business of the individuals that are involved. In such kind of situations, putting up the lease for sale and getting in return chunks of funds is a better option. The next thing that needs to be kept in mind is from the property owner’s view. The documents that would be needed for the wireless contract buyout are very involved and can be overwhelming. Thus, in the initial stages of the deal, the property owner has to request all the documents and have them reviewed by a lawyer. For instance, restrictions on the rights of the property owner pertaining to the use of the remaining land, sales price reduction, etc. All have their own legal documents which can be a hassle to get in place. The provisions can be negotiated, however, depending upon the nature and the extent of the negotiation, this criterion has to be taken care of. The last and most important aspect is the fees of the property owner that can be reimbursed. The owner of the property needs to ask for this reimbursement. The buyout companies readily agree to this as they have a bigger stake in it for themselves. If the property owner decides to go ahead with the buyout, a lawyer or consultant has to be in place to represent them. This assistance will help in bringing the deal to an ideal situation. The documents would be in place and the entire transaction would be smooth sailing. So, when you are working towards a cell tower lease buyout keep these points in mind. About The Author A professional working with Communications Capital Group has written this article. CCG is a leading investor in cellular site locations nationwide offering site owner’s substantial lump sum payments to select Cell Tower Lease Buyouts, Wireless Contract Buyout and Lease Sale. For more information kindly visit website online at: http://www.comcapgroup.com/ or call: (866)-574-2355
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