Should I Renew My Cell Tower Lease Right Now?

If the cell tower on your property has recently been sold to a tower company, you have been contacted about a lease renewal. Tower companies typically offer two options:

1. They will purchase either a lease assignment or long term easement on your land with a one-time payment.
2. They will extend your lease for decades with few changes to your current lease. (Lease extension)

From the cell tower company perspective, either a cell tower lease extension or cell tower lease buyout serves their purpose. They want certainty of tenure at below-market rates for the longest period possible. Your interests and theirs are not aligned.

From the property owner perspective, the key question is: what option provides you with the most benefit over the life of the agreement?

Gunnerson Consulting can help you evaluate your options objectively. We work exclusively for property owners – never for wireless carriers or tower companies. Contact us today for a free consultation.