Have you received a Vertical Bridge cell tower lease proposal for a cell phone tower they are building for Verizon Wireless? Verizon Wireless and Vertical Bridge are trying to shake up and disrupt the traditional cell tower leasing model from the tower company (Tenant/Lessee) and subtenant side of the business.
Traditionally wireless carrier cell tower tenants such as Verizon have paid cellular tower management companies between $1,500 and $2,200 monthly to start out and anywhere from 2% to 3% annually in rent increases to rent cell tower space and ground space.
Vertical Bridge is now challenging the other “big 3” tower companies with a revenue sharing model.
Landlords and property owners who are approached to have a Vertical Bridge cell tower built on their land can expect a difficult negotiation with the tower developer who is going to put heavy pressure on land owners to sign leases with low rents and low or non-existent rental escalations and other unfavorable terms from an owner’s perspective.
If you have received one of these lease offers and you or your attorney have questions, please give us a call at http://www.TowerGenius.com our number is 1-888-313-9750.
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