Cell Tower Lease Extensions

Cell Tower Lease Extension | How To Get Best Terms With Your Renewal

Background on Cell Tower Lease Extensions

Many cell tower leases were signed between 1980 – 2000. There is an interesting PR video AT&T released in 1979 showing some of the first cell phone calls on their network.

With the passage of time those leases are now starting to reach lease expiration. Companies such as AT&T, Verizon, T-Mobile, Sprint, Crown Castle, American Tower, and SBA, are all aggressively pursuing lease extensions (also known as lease renewals). Many of the companies such as Crown Castle are so aggressive that they are contacting landlords up to 15 years ahead of lease expiration.

Why Are They Contacting You Years Before Lease Expiration?

They are trying to attempt to negotiate when landlord’s have little to no leverage. By contacting a landlord years in advance they can figure out if the landlord will be asking for more rent and how much more. That gives them plenty of time to explore their options.

Often when property owners contact us to review their lease and the contact they received, we advise the property owner to take no action at this time. There is a sweet spot with timing on when you should, and should not enter into discussions with your cell tower lease tenant to renew the lease.

How We Can Help

Airwave Advisors has negotiated hundreds of lease extensions, securing additional rent with favorable terms for property owners like you. We review your cell tower lease, audit the cell tower, determine fair market valuation, and work with you to secure the best terms for your lease extension. We have extensive experience working with cell tower representatives such as MD7, Blackdot, Lyle Company, and Tower Alliance.

Lease extension negotiations are complex. We often see landlords guessing in regards to rent, or pushing too hard, which can then drive the cell phone company off the property entirely. To really know where the optimum spot is in negotiations, it is important to have an experienced cell tower lease advisor such as Airwave Adviors in your corner. Contact us today!

What Do Our Clients Say?

I met with Nick at my property and engaged his services to assist us with our lease renewal. Nick was very professional, timely, and obtained results that greatly exceeded his fees. I would highly recommend Nick’s services to any landlords that have cell tower leases coming up for renewals!”

Kenny M., Managing Partner, MAR Investments

We hired Airwave Advisors to help us negotiate a lease extension on our cell tower contract. Nick dealt with the cell tower company, advised us, clearly explained contract points and handled the entire negotiation with great professionalism. Best of all, in less than a month the whole process was complete. We were very pleased with the outcome and can confidently recommend Nick and Airwave Advisors to any cell tower land owner.

Lonny and Sandi G., Private Property Owner

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Nick Foster Airwave Advisors

Nick G. Foster
President & Founder

Since founding Airwave Advisors® in 2014, Mr. Foster has added value to over 400 clients ranging from the State of Nevada, City of Beverly Hills, to Habitat For Humanity. Mr. Foster focuses on cell tower lease renewals, buyouts, new lease negotiation, and cell site lease management. Prior to starting Airwave Advisors® Mr. Foster founded and led the Cell Site Services Group within nationwide commercial real estate services leader Cassidy Turley (now known as Cushman & Wakefield). 

Why Choose Us

Cell Tower Attorney When Do You Need One

Legal Expertise

We combine our legal knowledge, with our industry understanding, to add strategic value to your cell tower opportunity. We have meticulously reviewed thousands of lease agreements to ensure you receive the most favorable terms in your cell tower transaction.

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Client Expertise

We are here to help you achieve your goals! Our Success Stories speak volumes on how we have helped clients like you get results. We have helped hundreds of landlords, from private property owners to institutional investors, to achieve one common goal – results!

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Data Expertise

Our unparalleled understanding of the marketplace serves to significantly increase your bottom line. Our proprietary database tracks thousands of cell tower locations, rents, and purchase prices. Empower yourself with market knowledge that exceeds your competition with the help of Airwave Advisors.