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The newest cell tower leasing trick we’ve got encountered is tower corporations which can be utilizing “Letters of Intent” as a instrument to unwittingly get property house owners to signal what they imagine to be a innocent letter. Some persons are led to imagine that that is “only a means for us to lock in these phrases with our bosses” or “only a letter of understanding in order that we will examine utilizing the positioning”. Effectively these letters will not be easy however I can let you know what they’re in lots of circumstances….legally binding!
One of many individuals who fell for this cell website leasing ploy weren’t naïve within the methods of enterprise. In truth they have been very savvy actual property builders who assumed they might belief the charming younger girl who was dealing with issues for the mobile tower firm. They signed a really detailed doc that locked them right into a deal the place the service might impose their will on the house owners. I’m certain that Ms. Charming received a pleasant fats monetary incentive for profiting from this overly trusting property proprietor. This error price them over $250,000.00 {dollars} in misplaced income, over a thirty 12 months interval, that they might have gotten in the event that they have been correctly knowledgeable previous to executing their cell tower lease.
Why would you ever must signal any sort of settlement earlier than you ever see the phrases. When searching for a automobile would you signal a letter stating that you’ll purchase a automobile for $40,000.00 and hand them your cash hoping that they provide you a brand new BMW once they ship to you a 1975 Pinto? No in fact you wouldn’t.
Right here is one other query for you. Why would anybody try to get you to signal something until it’s binding and might be used towards you in a courtroom of regulation? There isn’t any different cause…. that is the rationale they try to get you to signal this. The one individual that’s being locked into something is you and normally in a means that could be very one sided and solely advantages the carriers and the tower corporations.
The cell tower leasing consultants they rent are very charming and pleasant and will remind you of you brother, cousin or youngster. Some are effective people who find themselves simply doing their jobs. Lots of them are sharks who odor a fast buck and would shove you down a flight of stairs for a nickel. Both means they don’t be just right for you… They’re employed weapons that work for the carriers and the tower corporations.
In case you are a landlord or a property proprietor and have been approached by a mobile service or cell tower developer about placing a cell website in your property, right here is the rule for coping with tower corporations or carriers who try to get you to signal a “Letter of Intent”……. DON’T SIGN ANYTHING!!!!!!! Name your counsel or higher but name a professional wi-fi guide that may information you and battle to your rights and desires. The carriers have specialists…why should not you?
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Source by Steven Kazella
