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Ventures Cell Tower Lease Renegotiations
To begin with, Steel in the Air, Inc. is not affiliated
in any way, shape or form with Tower Ventures, LLC.
If you found this web site while looking for Tower Ventures
LLC's web site, please go to www.towerventures.com.
Tower Ventures, LLC and Tower Assets Newco II, LLC are
registered trade names of Tower Ventures LLC.
Tower Ventures LLC has recently purchased Cingular
and AT&T cell towers that AT&T and Cingular
terminated their leases on. Most of these towers do
not have any revenue or the revenue that they generate
is less than the expense of managing and operating the
tower. From Tower Ventures web site, it appears that
they purchased 300 or so towers.
The landowners who have the ground under these tower
sites are being approached by Tower Ventures LLC through
a sub entity called Tower Assets Newco II - (and maybe
other entities.) The pitch is simple: the tower is no
longer profitable and the landowner needs to sign a
new lease with Tower Ventures at a reduced lease rate
in order for them to continue the lease.
In these situations, the landowner may currently be
receiving a high lease rate because AT&T and Cingular
terminated and sold off their more expensive sites an
retained their cheaper sites. The landowner is being
asked to reduce their lease rate substantially in some
cases in order to retain any income at all. The proposed
lease modifies the previous lease and makes changes
that are favorable to Tower Ventures, LLC but not to
the landowner. The landowner may be weary because he/she
was already contacted once before by Black
Dot Wireless and chose not to negotiate.
These towers have value and you as the landowner should
be aware of what that value is. Your lease rate should
reflect a negotiated agreement that is profitable for
both you and Tower Ventures. In many cases, there is
no way around it- you will need to reduce your rent.
However, Steel in the Air can assist you with evaluating
how much you will need to reduce your rent. We can help
you evaluate whether revenue sharing is appropriate
for your lease if Tower Ventures adds additional tenants
to the tower. Lastly, we can help you understand your
options.
If you have been contacted, and need help renegotiating
your lease, please fill out our
contact form with information regarding your Tower Ventures
LLC lease and we will get back to you as soon as
possible.
[Steel in the
Air]
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