[WSBARP] CELL Phone Tower, rent??

[Roger Hawkes]

Jack: how does one discern an appropriate rental fee for these things if you don’t rely on Steelintheair or other opaque info site?

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Jack Grant
Sent: Wednesday, February 1, 2023 1:56 PM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] CELL Phone Tower, rent??

I have negotiated telecom licenses for many tower site owners, some involving AT&T.  In the case of two prime office tower roof sites, we recently negotiated significant rent increases, beneficial contract modifications and other concessions, including the installation of conduit and fiber in one of the buildings and attractive concealment of the antenna structures, etc.

Sites that can service large populations are money machines for the telecom companies and, each time the technology changes, they do even better if they are not required to get the consent of the landlord.  Require the telecoms to inventory/specify all their equipment.  It helps to understand the equipment capabilities and steelintheair can assist with that (but I don’t rely on their rent comps).  If the telecoms share space/replace/upgrade or add equipment that multiplies their customer base, it is appropriate to require additional consideration as part of the approval process for change of works.  Gives the tower landlord a way to share the windfall.

Avoid using their license forms or modify them. Long term contracts with fixed price increases are usually not the way to maximize the site owner’s return. True, telecoms will pack up and walk away from a marginal site if the demands are too high.

Happy to help.

Cheers

Jack

WASHINGTON STATE

The Cross Border Law Firm
Jack H. Grant, P.S. – Attorney at Law
114 West Magnolia Street
4th floor - #136
Bellingham, WA
98225

Direct line:    360-746-0392
Cell:              360-220-4618

VANCOUVER, B.C. CANADA

Jack H. Grant
Barrister and Solicitor
Suite 404 – 1688 -152nd Street
Surrey, B.C. V4A 4N2

Cell:     604-671-8075

www.jackgrantlaw.com<http://www.jackgrantlaw.com/>


From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> <wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com>> On Behalf Of Doug Schafer
Sent: Tuesday, January 31, 2023 12:23 PM
To: wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] CELL Phone Tower, rent??

About 10-15 years ago, I got great advice/assistance from the operator of https://www.steelintheair.com/

Doug Schafer, in Tacoma.
On 1/31/2023 11:36, Joshua Grant wrote:
Client is coming to end of 30-year lease with AT&T.  They have offered an increase in rent which would start early, a 3% a year increase for the next 30 years and a $10,000 signing bonus. This is an existing cell tower.  I am wondering what the rent should be and whether another 30 year lease, which has been requested, is a good idea.
Josh

Joshua F. Grant
[Image removed by sender.]
P. O. Box 619
Wilbur, WA 99185
509 647 5578
jgrant at advocateslg.com<mailto:jgrant at advocateslg.com>



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