Information About Cell Tower Leasing
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. Telecom firms are always on the lookout for strategic locations in rural areas and buildings in cities. People can capitalize on this to earn some extra income by entering into this cell tower lease contract.
You need to learn issues to do with the laws and regulations regarding tower leases if you own strategic property before leasing your land to some of these renowned cellular operators. Particular elements which need to be assessed prior to granting the lease are analyzing the terrain concerning its suitability for its purpose, the local ordinances governing the property and the safety measures that have been put in place.
The property owner's rights should be appropriately understood and explained in the contract before it is signed. Cell tower leases, without exception, indicate that following the signing of the contract the cell tower operator has to enjoy certain rights over the land you have leased to him. This in short means that, both of you should know your rights regarding the property and the rights which have to be consented to by the owner of the land before using it.
It is a good idea for the building or landowner to evaluate it with regards to the income it might bring if it was rented instead of leased. The cell tower lease rates will all depend on whether the location of the land is in an urban area, rural or suburban, the value of the land in the market currently, etc. Sometimes, the unique location of the land in terms of zoning also makes a difference.
Ascertaining the cell tower leasing rates is actually very difficult because information with regards to this is not readily available. However, some organizations out there are trying to mitigate this challenge by updating these databases and also coming up with new ones that individuals with such pieces of property can go through to get an idea of how much these tower leases cost. For more facts and information about wireless tower renting, visit https://www.youtube.com/watch?v=fBfBpeaJL2o.
Upon signing the contract and terms of the lease, the length of the lease, as well as the leasing company, is what is crucial to the landowner. The lease can go for up to 20 to 25 years or installments of five years where the owner of the property can decide to renegotiate the contract he had signed before renewing it for another five years. Know about the cell tower lease agreements here!
After signing the cell tower lease contract, the owner can access the site and use the resources only in the areas that are stipulated in the contract.