Cable service provider has contacted me to enter into agreement in which I grant it exclusive rights for access to provide cable & related services to the residents of my park for a period of ten years. What is a reasonable rate to charge for said rights & how do I find their competition to also negotiate with them?
Thanks.
Sam
This is a huge source of ancillary revenue in the multifamily housing arena, I don’t know the exact numbers but my guess is the fees would be based upon the size of your park and also new contracts. Bigger the park the more leverage you have. All the major cable/internet providers in your area should have a Commercial Sales Rep of some sort who would handle negotiations for such a deal.
SamJones Wrote:
Cable service provider has contacted me to enter
into agreement in which I grant it exclusive
rights for access to provide cable & related
services to the residents of my park for a period
of ten years. What is a reasonable rate to charge
for said rights & how do I find their competition
to also negotiate with them?
Thanks.
Sam