If you are a landlord or a property owner and have been approached by a cellular carrier or cell tower developer about putting a cell site on your property, here is the rule for dealing with tower companies or carriers who try and get you to sign a "Letter of Intent"....... DON'T SIGN ANYTHING!!!!!!! Call your counsel or better yet call a qualified wireless consultant that can guide you and fight for your rights and needs. The carriers have experts...why shouldn't you?
Letters of Intent vary in length and amount of detail; however, the goal is to provide enough detail so the major concerns are defined but not so much detail that the document borders on a purchase sale agreement. The following information is found in a well_structured LOI: A. Date of the LOI. B. Names and Titles_This area should include the complete names of the buying, selling and brokerage companies and the individual signatories for each of these companies along with their corporate titles... President, Secretary, Partner, Managing Member... etc. C. Contact information for each of the companies and their representatives.