Cell tower leasing is a type of property contract that is done between a landowner and a telecom company of where the cell tower should be erected. These firms are always searching for buildings that are strategically placed or even land in rural areas to erect these cell towers. People can capitalize on this to earn some extra income by entering into this cell tower lease contract.
Before going into such a deal, it is imperative that you do some research on the laws and regulations governing these tower leases. There are several things that the buyer would need to check on your land before he leases your property which includes analyzing the terrain regarding its suitability for erecting a cell tower, the local ordinances regulating the property especially security.
It is both Imperative to be aware of the rights of the owner and make sure that all these are explicitly mentioned in the contract. This means that the cellular operator has some rights to the property once the leasing contract is signed. This means that the property owner should know of his right, that which is conferred to the cell tower operator and the rights which needs to be agreed upon with regards to some of the areas on the leased land.
Evaluation of the land is the other major concern that you will have to take into account before leasing it to the cell tower operator with regards to the amount of rent it would fetch if you were to rent it on a monthly basis. The prices these towers can go for depending on their locality for example if they are in an urban area, rural or suburban and the current market value. Sometimes, the unique location of the land in terms … Read More ...