Third Party claims, ”We can increase your cell tower rental income, if you sell us the rights to the land under your Crown Castle tower.”
The truth is, if you sell the land to third parties, you could potentially lose your rental income. Crown Castle controls the physical tower that resides on your property. If Crown Castle finds that another company has purchased the property beneath a tower that we own, we review the potential to relocate our customers to other towers or relocate our tower to another location. If that happens, there will no longer be any revenue generated from your property.
Third Party claims, "We can get additional revenue from the customers located on your Crown Castle tower."
The truth is, Crown Castle has national multi-site agreements with our customers and we have not, and will not, negotiate with third parties if they demand rent increases from Crown Castle. Instead, Crown Castle will do whatever is necessary to protect our revenue stream, including removing the tower from your property.
Third Party claims, "We can get additional revenue by adding more customers on your Crown Castle tower."
The truth is, that only Crown Castle has the ability to add customers on our towers. The revenues will only flow to Crown Castle.
Third Party claims, "There are no tax ramifications if you sell us the land under your Crown Castle tower."
The truth is, that many land deals do not qualify for capital gains tax treatment. Make sure you check with your tax advisor to see how the structure of any agreement will impact your specific situation. For example, it is important to ask your advisor if the IRS will consider a lump sum payment, followed by a continuing stream of future revenue, as ordinary income.
Third Party claims, "We can get you more money if we negotiate your lease extension or land sale with Crown Castle."
The truth is, that the Third Party will receive a portion of any made, which will reduce the amount you receive. While their offer may be attractive up front, you may be surprised when you get to the closing table. Working directly with Crown Castle, or with one of our Authorized Agents, means you do not lose any of your value to a middleman. By dealing directly with Crown Castle or it's Authorized Agents, you can avoid the costs of the middleman including additional legal costs.
Third Party claims, "We can quickly buy the land on which your Crown Castle tower sits."
The truth is, that Crown Castle is highly motivated to quickly close real estate transactions. After all, our business depends on the location of our towers. Crown Castle has an internal staff of dedicated closing specialists and enlists the help of one of the largest title companies in the U.S.
Third Party claims, "We represent Crown Castle or are working on behalf of Crown Castle."
The truth is, that only Crown Castle and its 2 Authorized Agents listed on this page are authorized to represent and negotiate on behalf of Crown Castle with respect to cell tower leases. If you’re unsure as to whether you are speaking with a Crown Castle-approved agent, please call us at 866-482-8890.