Jun 08, 2015 - 10:10 PM
If your lease is with a publicly traded cell tower company, the answer is fairly simple: while their core business model might be buying, selling and managing cell towers, their first priority is likely appeasing stockholders. The value of the companies portfolio increases substantially by the number of long-term leases that they own, because long-term leases have a steady stream of income attached to them for a significant number of years. This logic follows through to wireless carriers as well. In other words, long-term leases are thought to be very valuable, much more so than short-term leases. Having said that, we should also point out that 13 years is not a very long time in the minds of cell tower companies and wireless carriers who are now attempting to sign leases for 30 or 40 years - or even longer! The entire process of building a tower and setting up a network is a significant investment and not one that they would choose to repeat if unnecessary.