The Reasons You Should Never Agree To A Right of First Refusal

With many new cell phone tower leases, as well as on recent and future amendments to old leases, landowners are being asked to agree to a Right of First Refusal or Rental Flow Offer provision. These provisions are easily overlooked by landowners who are more focused on their immediate fiscal concerns; nonetheless, consenting to a right of first refusal devalues your property as a whole, restricts your future bargaining power, and revokes your freedom of choice when it comes to selling your assets.

Lease optimization companies for example Md7, Black Dot Wireless as well as the Lyle Company are often the entities contacting landowners. It's vital to recall that these companies are not working to optimize your lease! They're paid by cell tower locations to optimize the lease for your tenant at YOUR expense.

A Right of First Refusal or Rental Stream Offer provision works like this: If you desire to sell your property or your right to get rents to a third party, you have to report the offer to your mobile tower tenant. Your renter then will have a set amount of time to coordinate with the offer and acquire your property or rental stream itself. Wait, what if you are selling your property to a member of your family at a good deal? Well, regrettably that pleasant deal merely went to a multi-billion dollar company.

The reason tower companies, like Crown Castle and American Tower, as well as communications companies, like AT&T, Verizon and T-Mobile, want you to sign a right of first refusal or rental stream offer is simple: they don't want to negociate against other business experts.

Communications industry experts, use this info to attain optimum rental income, and like those at Vertical Consultants, can identify the value of the tower website. Actually, the lease specialists at Vertical Consultants, typically, more than triple landowner rents. Other firms seek to optimize their personal gain, while the cell tower rental pros at Vertical Consultants simply seek to optimize your rents. Those increases should be yours!

Since the early 2000s, there's been a boom in cellular tower rental acquisition businesses. These acquisition companies search for undervalued leases, approach landowners and get the landowners. It is essential to comprehend in order to make a profit that these acquisitions companies are getting your rental. The tower and phone companies view the inclusion of a right to first refusal as the method of battling these acquisitions and thus reducing the possibility for having to negotiate with knowledgeable negotiation pros.

If a landowner is approached by rental optimization company or a lease acquisition company, or is presented with a right of first refusal clause, the greatest caution should be proceeded with by the landowner, or contact Vertical Consultants immediately. All isn't lost, in the event you have already signed a right of first refusal!

The agreement will not prevent you from working with Vertical Consultants because we don't desire to acquire your property or rents, and we'll never ask you to sell them to us. The experts at Vertical Consultants might have the ability to have that pesky right of first refusal clause altered or removed can nevertheless negotiate your rents, and, depending on your individual situation. Call us today for more information on the dangers of lease acquisitions, rights of first refusal and rental stream offers and for a free consultation.

In 2014, Vertical Consultants averaged an instant 343% increase in rents being received by its customers, and since 2010, has been capable to assist its clients in the recovery of over 300 years worth of combined underpaid, and, sometimes, unpaid rents and other expenses which were rightfully due to these property owners found throughout North America.