New Tower Ground Lease Offer

(New Albany, OH)

I have been approached by a firm representing Verizon wanting to lease a 100' by 100' piece of my 5 acre lot (wooded & vacant) to erect a 300-400' tower. The site is on the edge of a rapidly growing suburb of Columbus Ohio. The area is also experiencing a significant increase in daily traffic.

Their initial offer is $400 per month (way too low) with no increases and no collocation fees included. I know they have approached at least 1 neighboring property owner.

Can someone point me to a good lease example (for the property owner)?

Comments for New Tower Ground Lease Offer

Average Rating starstarstarstarstar

Click here to add your own comments

Apr 09, 2014
Values vary...
by: Sean (Tower Genius)

We would need to know more site specific info to help establish the proper value. With that said the numbers you have been given a re a joke. Give us a call, the initial consultation is free and we can help you establish a strategy. We have seen so many landlords who have been taken advantage of lately... if they had only called us before they signed their deal they would have been a lot happier.

Mar 27, 2014
Thanks Anonymous
by: Anonymous


Thanks for the feedback! How did you negotiate your 1st contract? I know this selection firm is getting paid healthy commissions to get the rate as low as possible, but I don't want to come on too strong and get eliminated from the short list...I know they're contacting neighbors.


Mar 26, 2014
ridiculous offer
by: Anonymous

I have a tower on a 100x100 square. I have had it for 17 years now and the rate is now 2700. a month with a 3% annual increase. This is a Verizon tower managed by American Tower.

Our tower is in the country close to a small town. It sets at the top of the hill.
Get someone to help with negotiations on this. That offer is way too low.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Cell Tower Lease Forum.

Subscribe to the
Cell Tower Insider
Enter your E-mail Address
First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Cell Tower Insider.

Contact a Telecom Lease Lease Genius Today.