We will work to determine the true value of an American Tower lease extension - both in terms of a lump sum price and a lease extension.
You should also be aware that American Tower might try to persuade you to simply sell them the lease outright, because it is far cheaper for them in the long run. Don't make that decision without consulting Steel in the Air first!
Don't be lulled into thinking you can simply contact other tower owners to see what their American Tower lease is worth at renewal. Existing tower leases are typically worth far more than new proposed leases. That's because when the tower company searched for the cell site originally, they had other options of land where they could lease and could negotiate with one landowner against another. Furthermore, the removal of an existing tower and rebuilding of a new one can be extremely expensive. We can share with you what that cost is to American Tower and how that translates to your bottom line.
Check out our Increase in Lease chart to see what the difference just $100/mo in increased lease rate means over time.
Legal Advice from our Partner, Cell Tower Attorney
Depending on your particular situation, you may find it beneficial to utilize the services of our sister law firm, Cell Tower Attorney, to assist in the negotiation terms and conditions of the proposed lease extension.
If you have received an offer to buy your cell tower lease, then contact us before you enter into an American Tower lease. Other offers might be available that you should consider before agreeing to anything.
If your lease is set to expire, please see our page on Negotiating Expiring Leases that includes a detailed explanation of our process on how we evaluate leases that are near their expiration.
Disclaimer: Steel in the Air, Inc is not affiliated with American Tower Corporation (AMT). If you are looking for AMT's website, please visit www.americantower.com. American Tower and AMT are registered trademarks of American Tower Corporation.