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As COVID-19 has impacted all parts of the economy in 2020 and forced social distancing rules in every state, one industry that has seen more demand is telecommunications. People rely more than ever on cell tower networks to deliver fast, reliable service to all parts of the country. This increase in demand comes on the heels of the 5G rollout and the announcement of the Sprint/T-Mobile merger. This combination of events has made 2020 an unprecedented year for cell tower lease activity and valuations.
Property owners have been approached with offers of all kinds as a result. Some are reporting aggressive offers for lease extensions or buyouts, while others are reporting that the tower companies want to reduce the amount of rent that is being paid. In every situation, one thing is certain, the tower companies view now as a great opportunity to negotiate.
Before signing any long-term contract, like a cell tower lease, property owners should consult with an expert to ensure they get best terms possible and a fair deal for the use of their land. To that end, the largest cell tower lease consultancy in the US, Vertical Consultants, is now offering free, remote lease reviews for all leases, including new offers.
President of Vertical Consultants, Hugh Odom, said, “During this time of uncertainty, many land owners fear that their cell tower lease could be terminated or their rent reduced. The reality is that for most people, the towers are more valuable than ever. The tower companies are not willing to share that information with the landowners, and we feel that it’s our responsibility to get this message out as far and wide as possible.” He continued, “That’s why we have created a streamlined system for reviewing leases during the pandemic and moving forward — to give the lessees the best deal for themselves, their families, and their land.”
To learn more about Vertical Consultants and their unique offerings, visit https://celltowerleaseexperts.com
About Vertical Consultants
Vertical Consultants was founded in 2010 by Hugh Odom and is comprised of a group of wireless industry veterans with decades of combined experience. Vertical Consultants specializes in issues surrounding the wireless telecom industry and prides itself as a source of information and advocate for property owners. To learn more about Vertical Consultants and how its success provides this allowance, visit https://celltowerleaseexperts.com or contact Vertical Consultants toll free at 877.456.7552.
Release ID: 88957447