contains more data about cell site lease valuations, tower locations, lease extensions & lease buyout offers than any other private database in the country. Our proprietary database spans all 50 states, as well as parts of Canada and the Caribbean, and encompasses over 285K cell tower locations.
At Steel in the Air, we value our corporate reputation and can proudly say that we deserve it. Contact us for expert, ethical and data-driven guidance on anything related to the cell tower industry. Since 2004, we have: Assisted 3,300+ clients nationwide with cellular asset valuation & lease negotiations Reviewed 10,000+ cellular leases Performed 3,000+ consultations Tracked 285,000 cell towers Brokered $1.5 billion+ in tower sales Received 250+ glowing testimonials
I wanted to say again that your report was excellent. The President of the company, our big 6 accounting firm, and myself all found it very enlightening and helpful. We very much appreciate your assistance.
Bill from MN Crown Castle, Lease Buyout – Tower Company
1 of 375 testimonials.
What is a Cell Tower Lease Agreement?
Wireless carriers are in the business of providing cellular service to their customers, and like any other business, their goal is to achieve a profit by providing the best possible service to the largest number of people. In order to remain competitive, carriers must invest in the discovery and acquisition of new cell sites and cell towers. Wireless carriers and/ or cell tower companies typically own the infrastructure upon which wireless equipment is placed. However, the land beneath the cell tower is owned by and leased from a landlord, which is typically a private property owner or government entity, such as a county or public works department.
Site acquisition agents are charged with finding the most suitable candidates (potential cell sites), as quickly as possible. Once several viable options have been scouted, agents will contact the property owner with an initial lease rate offer (and other terms), which can range from a few hundred dollars to thousands or more per month. After a verbal agreement is made, a formal agreement is drafted and signed.
While time is of the essence when it comes to Cell Tower Lease Agreements, we can’t emphasize enough how important it is to contact a reputable cell tower lease expert before signing anything – and that includes “simple” Lease Extension Amendments as well. Recall that while there are average lease rates for a given set of variables (like location, type of tower and identity of carrier) there is no standard cell tower lease rate, and the difference in value from one cell tower to another can be drastic. If you received a vague business proposal, you wouldn’t jump into it blindly would you? You’d seek an expert opinion from someone who has your best interest at heart.