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cell tower question
#6308576
05/23/16 09:36 PM
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Joined: Feb 2007
Posts: 442
throckmorton_hunter
OP
Bird Dog
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OP
Bird Dog
Joined: Feb 2007
Posts: 442 |
I have been approached for a cell tower on my land They are offering via letter - 50 x 50 ft area fenced , 5 year lease , 5 options /5 year each , Annual rent 10k .. How far could I push them ??
Thoughts ??
Thanks
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Re: cell tower question
[Re: throckmorton_hunter]
#6308666
05/23/16 10:48 PM
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Joined: Sep 2012
Posts: 12,821
PMK
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a guy I know has one in central TX, east of Hutto, getting $1500 a month ($18,000/year) if memory serves me and coming up on the 5th year for renewal and already offered going up for the next renewal period. I might be off a little, like $100-200 a month. It might depend on what provider is looking and if there are other providers already in that general area.
"everyone that lives dies but not everyone who dies lived..."
~PMK~
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Re: cell tower question
[Re: throckmorton_hunter]
#6308782
05/23/16 11:57 PM
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Joined: Mar 2013
Posts: 5,025
jetdad
THF Trophy Hunter
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Posts: 5,025 |
It also depends on what is available from your neighbors. If they can go across or just up the road from you then your negotiating power is limited. Happened to a friend of mine. He countered their offer and never heard back. a month later there was a new cell tower 1/4 mile away.
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Re: cell tower question
[Re: throckmorton_hunter]
#6308818
05/24/16 12:15 AM
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Joined: Oct 2008
Posts: 15,128
Tbar
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But can you put a deer stand in it......
Make America Great Again
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Re: cell tower question
[Re: Tbar]
#6308857
05/24/16 12:32 AM
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Joined: Jan 2012
Posts: 29,105
TXHOGSLAYER
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But can you put a deer stand in it...... I thought that was going to be the topic of the thread when I clicked on it. OP $10k a year for 2500 square feet sounds like a deal to me unless it is right next to your house.
LETS GO BRANDON
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Re: cell tower question
[Re: throckmorton_hunter]
#6308898
05/24/16 12:53 AM
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Joined: Jul 2013
Posts: 5,998
tlk
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Bird in the hand worth two in the bush - saying has been around many many years for a reason
You can't fix stupid
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Re: cell tower question
[Re: throckmorton_hunter]
#6308906
05/24/16 12:56 AM
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Joined: Dec 2012
Posts: 11,857
Simple Searcher
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I heard about a guy that turned down an offer for a tower on his place. He said for the money that he did not want to see the tower all of the time. So the tower company leased a 50' spot on his neighbors place and put the tower on the other side of the fence. Now he gets to enjoy the view of the tower and $0.00.
"Man is still a hunter, still a simple searcher after meat..." Robert C. Ruark
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Re: cell tower question
[Re: throckmorton_hunter]
#6308908
05/24/16 12:56 AM
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Joined: May 2013
Posts: 4,091
CharlieCTx
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Annual rent 10k .. How far could I push them ?? One of my fraternity brothers is in this business. Like anything else, it's all about supply and demand. If they really need your location, might be able to demand more. If they have id'ed you and a few others and your #1, you might not be in the best position to negotiate. It's not like a mineral lease where they need you to agree. They have many more options, could be across the street. Make a counter, see what they say, but be prepared for a possible yes answer. I agree with Searcher. Good luck! Charlie
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Re: cell tower question
[Re: throckmorton_hunter]
#6308940
05/24/16 01:12 AM
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Joined: Nov 2014
Posts: 7,770
Mr. T.
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There are good deals and bad deals. I know a man who got a tower on his place 15 years ago and bragged to everyone he met what a good deal he cut....."Free lifetime cell phone plan." And you are going to turn down $50,000.00 over the next five years. Maybe I could give you my friends number and he can negotiate the deal for you. lol
Cabin rental in Pagosa Springs, Co. Sleeps 10, If interested please PM me.
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Re: cell tower question
[Re: throckmorton_hunter]
#6308961
05/24/16 01:23 AM
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Joined: Dec 2012
Posts: 11,857
Simple Searcher
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My FIL got a letter from a tower company a few years ago. They stated that they were interested in his place, he never heard from them again. It made me think that they were just looking for options. But I would definitely negotiate naming rights.
"Man is still a hunter, still a simple searcher after meat..." Robert C. Ruark
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Re: cell tower question
[Re: throckmorton_hunter]
#6309101
05/24/16 03:44 AM
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Joined: Aug 2012
Posts: 2,762
nak
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Posts: 2,762 |
I was listening to a communications guy discussing towers a few months ago. In some counties, the tax assessor's office has gotten wise to cell towers and will declare some portion of the land in commercial use, dropping any ag exemption that the portion of the property may have had. When land drops from ag exemptions, the difference between normal and ag taxes can become due retroactive for several years. Find out how the tax office handles it in your area and ask for the tax hit to be added in the initial lease payment.
We all need to practice Whoa more.
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Re: cell tower question
[Re: throckmorton_hunter]
#6309527
05/24/16 03:55 PM
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Joined: Dec 2008
Posts: 22,630
Cast
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Make sure they are planning a self supporting tower, no guy wires. They will also need major power and phone cabling, insist on underground cables. They will also need access and egress, at all hours. Plus a gravel road most likely and a parking pad.
Cast I have a short attention spa
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Re: cell tower question
[Re: Cast]
#6309536
05/24/16 04:00 PM
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Joined: Feb 2013
Posts: 4,682
krmitchell
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Make sure they are planning a self supporting tower, no guy wires. They will also need major power and phone cabling, insist on underground cables. They will also need access and egress, at all hours. Plus a gravel road most likely and a parking pad. Out of curiosity, why no wires?
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Re: cell tower question
[Re: krmitchell]
#6309563
05/24/16 04:14 PM
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Joined: Dec 2008
Posts: 22,630
Cast
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Make sure they are planning a self supporting tower, no guy wires. They will also need major power and phone cabling, insist on underground cables. They will also need access and egress, at all hours. Plus a gravel road most likely and a parking pad. Out of curiosity, why no wires? They take up acres and acres of space and you can't mow around them safely. Clip one with the tractor, and you just might be dead. If you must have guys, insist that they are elevated so they don't clothes line you, and insist that they fence around each guy elevator with gravel inside the fence so grass won't grow. Old tower guy's advice. And take the offer. Once they are in, get the increase.
Cast I have a short attention spa
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Re: cell tower question
[Re: throckmorton_hunter]
#6312764
05/27/16 12:29 AM
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Joined: Jan 2010
Posts: 6,269
swmays
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- Tax liability/increase due to Commercial use is theirs and theirs alone. - When it is no longer in service, who owns it and who removes it? - Require Bonding for the removal such that the bonding requirement is part of any future lease assignment or sale. - Require indemnification. - it goes on and on...
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Re: cell tower question
[Re: throckmorton_hunter]
#6312813
05/27/16 01:22 AM
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Joined: Dec 2012
Posts: 4,800
TexasKC
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My barber gets $1500/month near Waller, Tx. They offered and he accepted. I have no idea what the terms are other than the monthly fee.
In the end, it's not the years in your life that count, it's the life in your years.
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Re: cell tower question
[Re: throckmorton_hunter]
#6312858
05/27/16 01:56 AM
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Joined: Feb 2016
Posts: 246
dune2218
Woodsman
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Woodsman
Joined: Feb 2016
Posts: 246 |
if you want to pm me,,, I"ll give you phne # of a woman that does it for a living,, she can answer all of your question.-- Donald.
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Re: cell tower question
[Re: throckmorton_hunter]
#6313532
05/27/16 05:39 PM
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Joined: Dec 2009
Posts: 803
Russ79
Tracker
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Tracker
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$10,000 in hand??? I would take it and hit them for a big increase on the renewal- the tower will already be up.
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Re: cell tower question
[Re: throckmorton_hunter]
#6315220
05/29/16 04:24 PM
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Joined: May 2013
Posts: 24
SeaIsleAl
Light Foot
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Light Foot
Joined: May 2013
Posts: 24 |
Throckmorton:
If you are able to, get language in your lease that subletting is not allowed without negotiation of additional payments. For example if your deal is with Verizon, it's ok for them to hang whatever they want to but if they want to allow another company to come put some stuff on it then the new company has to agree to lease terms with you (new payment, indemnify you for liability, etc.). I have seen someone be able to get such terms.
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