As a member of a government or municipality, you understand the benefits of receiving recurring revenue. A cell tower lease can provide your government the much needed capital it deserves to fund public projects.
Cities, counties, and states often find themselves in a highly leveraged position when it comes to negotiating cell tower lease agreements. As large land owners that are countless opportunities to locate a cell tower on municipal land.
Municipalities can mostly dictate terms and require the use of their lease agreement. This is contrary to how the industry typically operates, which is signing of a new lease on an agreement drafted by the wireless carrier.
Cities Can Control The Cell Tower Leasing Process
This image shows what can happen when a City or a County does not dictate their aesthetic requirements correctly to their tenants. Both the Sprint and the Verizon cell site installations are on light poles. The light poles provide light to the baseball field on the public park below. The Verizon cell site was required to have a shroud around their antennas. For whatever reason the Sprint site was not and as you can see presents an ugly site for the surrounding community.
Engage Experts To Make Sure Mistakes Don’t Happen
When drafting a new lease, renewing an existing lease, municipalities can benefit with the help of a cell tower lease expert such as Nick G. Foster of Airwave Advisors. Don’t have your staff guess at what is a good rate or what good business terms are. Sign an agreement with confidence that you secured the best terms possible in the opportunity!
Founder and President of Airwave Advisors Nick G. Foster has recently served municipalities such as the State of Nevada and the City of Beverly Hills. Mr. Foster has assisted municipalities with cell tower lease consulting, cell tower lease sales, and has served as an expert witness in litigation.
Airwave Advisors carries the required licenses and insurance policies to become a qualified vendor for municipalities seeking assistance with their cell tower leases.
Have A Cell Tower Lease Question?
Call Us Today!
About Nick G. Foster
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).