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?
Major terms that should be included in a letter of intent, however, include the total price to be paid, including the down payment and the installment payments; a description of assets or stock to be sold; tax allocation of the price among fixed assets, goodwill, non_compete covenants, and consulting fees; and target dates for contract signing and closing. Of all of these components, price and payment terms are easily the most important elements of the letter.