What You Should Know About T-Mobile Cell Site Leases
There are three main reasons that property owners and local governments consult with us regarding T-Mobile Cell Tower Leases:
If you have been contacted by a T-Mobile representative (aka, site acquisition agent) regarding the construction of a cell tower on your property, you may want to:
- Educate yourself regarding the real world effects of entering into a Landlord/ Tenant lease with T-Mobile;
- Determine appropriate rent, escalation, and lease duration terms; and/ or
- Get tips on favorably negotiating the terms of the proposed Lease Agreement prior to signing.
If you are already party to a wireless lease, then you might be somewhat familiar with common cell site lease negotiation tactics. Indeed, there are certain “tricks of the trade” that we like to educate our clients about to ensure that you not only receive fair treatment but also reap ultimate benefits when renegotiating the terms of a lease agreement with Wireless Carriers, like T-Mobile. We can help you to:
- Understand T-Mobile’s reasons for requesting any change;
- Determine what fees (if any) should be charged to T-Mobile;
- Evaluate whether or not changes to the language and terms of the Lease are favorable; and/ or
- Negotiate the Lease in a way that protects and supports your interests.
In late 2012, T-Mobile announced it would sell 7,200 towers to Crown Castle. Those landowners who own the land upon which the 7,200 towers were built have since been receiving proposals from Crown Castle (as successor to T-Mobile) to either extend or buy their lease. (Crown Castle now has the right to waive the consent to sell provision mentioned above). If you have received a proposal to extend the term of your lease or to purchase your lease, please contact us first.
If you are already party to a T-Mobile wireless lease, then you likely have been contacted recently by a third party Lease Optimization company seeking to renegotiate the terms of the T-Mobile lease. In short, these companies suggest that because of the pending T-Mobile and Sprint lease that T-Mobile needs better financial terms on the agreement or else the lease is at risk. These agents are very aggressive- calling frequently and issuing many fake drop-dead dates. If you have been contacted to renegotiate your lease, we can help you
Understand the Risk of Termination from the merger and;
- Determine whether any adjustment to your lease should be made T-Mobile;
- Evaluate the potential impact of the requested changes to your lease that they are requesting;
- See if there is an opportunity to improve your lease.