While the option payment is intended to reserve the option to lease, sometimes the carriers or tower companies will offer to either pay a signing bonus to encourage the landowner to hurry up and sign, or they will offer to reimburse the landowner for attorney’s fees. Signing bonuses can be up to $5,000, but are typically less than $2,000. We recommend that landowners consider asking for a signing bonus, attorney’s fees, and/ or options payments. However, don’t be greedy when asking for them. You don’t want to scare away your potential cell tower tenant and a lucrative lease just because you pushed for an extra $1,000 up front.
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