| While cell towers actually started being
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| | opportunity to renegotiate. Many times,
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| built in the late 1970's, the boom in
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| | the wireless company that owns the tower
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| development did not really start until
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| | will be in touch way before the lease
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| Congress passed the Telecommunications
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| | expires to renegotiate.If the lease does
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| Act of 1996. Instead of having two
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| | not give the landowner the right to
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| wireless providers in any one area,
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| | terminate, then the chance of successful
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| customers now found that there were up to
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| | renegotiation declines. The only basis
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| eight companies with licenses from the
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| | for renegotiation would be if the
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| FCC to provide Personal Communications
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| | wireless company has breached the lease
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| Service (PCS) in their area.Initially,
| |
| | agreement by failing to pay or by
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| each wireless provider built its own
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| | violating another clause. It is
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| towers and rarely collocated (shared) on
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| | important to note that most lease require
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| the other's towers. This made for rapid
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| | that the landowner notify the lessee of a
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| development of communication sites and
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| | breach and they are given the opportunity
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| towers and a plethora of landowners with
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| | to cure it. The most common reasons for
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| cell towers on their property. As you
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| | breach in a cell tower lease include
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| can imagine, many landowners had little
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| | failure to pay rent, failure to get
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| to base the lease negotiations on and
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| | approval to sublet the site to another
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| signed agreements that were substandard
| |
| | company, failure to get consent to an
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| in comparison to today's lease
| |
| | assignment of the tower, and failure to
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| rates.Today, with the advent of much
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| | maintain the site location as required.
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| information (or misinformation) on the
| |
| | If you believe that the tower owner has
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| internet, those same landowners are
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| | breached the lease, seek legal counsel
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| learning that the deal they signed might
| |
| | and make sure to notify the tower owner
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| not be a good one. As the standard cell
| |
| | promptly.In the event that you decide
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| tower lease is a 25 year lease with
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| | that a lease can be renegotiated, it is
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| termination rights only vested in the
| |
| | best to hire a consultant or attorney
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| lessee (cellular carrier), the landowners
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| | with experience with in negotiating
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| often wonder if they can get out of the
| |
| | wireless leases and whom is familiar with
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| lease or renegotiate it.The answer to
| |
| | what fair market rates are for
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| this question is not an easy one and
| |
| | communication tower and cell site leases.
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| resides in the cell tower lease document.
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| | If you determine that the lease cannot
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| Fortunately for some landowners, the
| |
| | be renegotiated, then just sit back and
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| lease agreements signed in the early days
| |
| | continue to receive your "mailbox
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| after 1996 were not as advanced as those
| |
| | money".Ken Schmidt is the owner of Steel
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| of today. Many lease agreements were
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| | in the Air, a cell tower consulting firm.
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| only for 10 years and landowners with
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| | Steel in the Air provides expert
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| those types of agreements may now have
| |
| | consultations on cell tower valuation,
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| the ability to reneogtiate for a better
| |
| | cell tower lease negotiations, lease
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| deal.The key here is that the lease
| |
| | renegotiations and lease buyouts. Ken has
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| agreement must state that the landowner
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| | been quoted on cell towers in the NY
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| has the right to terminate as well as the
| |
| | Times and numerous other publications.
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| lessee. If so, then that opens the
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| |
|
