It’s always important to assess these risks so that a valid strategy can be implemented.
Given the 30-to-90-day lease termination clauses and the other potential risks for decommission, it’s always important to assess these risks so that a valid strategy can be implemented. When faced with a rent reduction proposal, it is important to have WREP address the issue and determine the carrier’s motivation. Although carrier’s may have termination rights, they do not always wish to activate them given the costs of relocating and the reduction in network coverage from losing key sites.
Therefore, WREP encourages landlords facing a rent reduction not to immediately succumb to pressure tactics until our firm can evaluate the risks using our expertise and decades of industry knowledge. We will leverage our relationships and industry experience to assess the likelihood of a site decommission for our client and work together to implement a strategy.
Another strategy employed by carriers and their rent reduction counterparts is to use this nerve-wracking time for the owner to add seemingly benign amendments in certain agreement amendments that may limit an owner’s contractual rights or ability to increase revenue in the future. Some of the most common amendments sought are the inclusion of a Right of First Refusal for the carrier or allowing for subleasing of space without consent or compensation. Let WREP help you navigate these contractual negotiations, so you optimize your wireless carrier revenue.